China slashed its high youth unemployment by nearly a third this month—at least on paper. However, some experts say the government’s new methodology, which follows a half-year moratorium on publishing this data, does little more than whitewash a systemic problem.
One told Newsweek removing students from the sample is what caused the drop. Though Beijing reported last week it had hit its stated goal of at least 5 percent GDP growth in 2023, the world’s second-largest economy faces major headwinds in the long term.
These include an aging workforce, declining foreign investment, a property market slump, and lower global demand for exports. The Chinese Statistics Bureau reported last week that unemployment among the 16- to 24-year-old demographic was 14.9 percent in December.
This would be a considerable improvement over the 21.3 percent reported for that age bracket last June, compared to 5.2 percent for the general population. China’s statistics bureau didn’t immediately […]
Read the Whole Article From the Source: endtimeheadlines.org
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
