Youth Unemployment and China’s Economic Future

In May, China reported that youth unemployment (among those aged 16 to 24) had reached a record-breaking 20.8% , with the high-paying, high-skilled jobs that university graduates are trained for growing scarcer.

Since mid-2021, hundreds of thousands of positions have been eliminated in the tech sector, owing to the COVID-19 pandemic, stringent capital and antitrust regulations, and the government’s broader “tech crackdown.”