The Chinese economy has been astonishingly successful. What has it been? 4 decades of constant growth?
I must admit I was beginning to think China had found some magical golden model, and their economy had become unstoppable.
I wonder if the way they calculate unemployment rate is comparable to most western countries? If so 17.1% is surprisingly high IMO.
The closely watched metric peaked at 21.3% in June of 2023, before authorities suspended publication of the figures and later changed their methodology to exclude students.
I think most countries do this, as a students main job is considered to be studying.