One of the statistics summarizes the severity of the economic crisis that China is going through. Every fifth young person would be unemployed there. Record: This official figure of 20% dates from July, just after Shanghai’s two-month lockdown, and will remain at this level. In general, the unemployment rate of the working population is almost four times lower (5.5%). Last weekend, some of the young protesters in Shanghai openly mentioned unemployment.
Meanwhile “The heart of China’s economy has shut down due to Covid, big companies are no longer recruiting”. confirms academician Claude Albagli, president of the Cedimes Institute. In addition, “A lot of jobs in China come from informal activities, small businesses. If people can no longer go out, they no longer have income.” The author continues Silk roads don’t lead where you think . The results.
“There are no more opportunities for students.”
What a change in the situation! From the second… This article is for subscribers only.
Le Figaro
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Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.