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China cannot allow jobless young to ‘lie flat’

First published: Financial Times, 22-07-2023

Strictly speaking, a country that has one of the fastest ageing populations on earth and a slump in fertility should be running into labour shortages, especially among younger age cohorts. Yet China has just reported that youth unemployment reached a record 21.3 per cent in June, with some speculating that inactivity may be far higher. Finding work for the young is of paramount importance — youth unemployment is socially corrosive as well as a blight on the economy. Read on….