China is grappling with a significant youth unemployment crisis, with a record-high youth unemployment rate of 20.8%.
Several factors contribute to this issue, including an economic slowdown, reduced hiring by businesses, and government regulation in sectors like high tech.
The real estate market decline and property developer defaults have added to economic instability.
Consumer confidence is low due to a lackluster post-Covid recovery, impacting the service sector and international trade.
The Chinese government has cut interest rates to stabilize the economy, but it's also reducing data transparency, causing market speculation.
Young people in affluent families may not feel the immediate financial pressure to find employment.
A surplus of highly educated graduates and intense job competition exacerbates the youth unemployment problem.
Record-high youth unemployment at 20.8% in China.Economic slowdown and reduced hiring hinder young workers.
 Real estate market decline and property developer defaults contribute to instability. Consumer confidence is low, affecting the service sector and international trade.