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China’s jobless rate for 16 to 24 year olds has hit its highest ever recorded

In news that’ll have the Chinese Communist Party sweating bullets (and tanks too), China is reporting the unemployment rate amongst 16 to 24 year olds at 19.9%, its highest ever.

The economic data from China today is worrying:

Check that post out for the vomitous news on the property sector (a huge driver of economic growth, when its not imploding under extreme debt as it is right now).

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