Panic Mode: Beijing Deploys ‘Task Forces’ as Youth Unemployment Hits Record High

Breitbart ^ | 29 Aug 2022 | JOHN HAYWARD

[E. Pluribus Unum]

The Chinese Communist government slapped its bureaucratic panic buttons on Monday, announcing various “task forces” to deal with a crumbling national economy, particularly the record-high 19.9-percent youth unemployment rate recorded in July.

Data provided by the Chinese government should always be viewed with suspicion, and unemployment data has only been made public in its current form for about four years, but July’s 19.9 percent rate for people aged 16-24 beat the record high of 19.3 percent recorded in June, and was vastly higher than its pre-pandemic low of 9.6 percent.

International analysts told Voice of America News (VOA) last week that China’s madcap coronavirus lockdowns have devastated the job market, and the news is probably even worse for recent school graduates than the grim picture painted by the official numbers.

“I’m surprised they’re announcing that it’s this high now, but it makes me think it may be even higher,” University of California Irvine professor emerita Dorothy Solinger told VOA.

“For years, one of China’s biggest issues has been creating enough jobs for its educated class of young people. It’s just always been hard – and especially these last five or 10 years – to have the job market keep pace with the education rates,” added Young China Group CEO Zak Dychtwald.

[Brian Griffin]

It is important that young people find their way in the world.

The Chinese economy is strong. If its young folks have the right skills they should be able to find work.

[RockyTx]

let it rot

[krogers58]

They have, for decades, exported their unemployment, via mercantilism, to our shores. The bill has now come due. They’ll probably need to start a war against their arch-nemesis, the Americans, to kill off 10’s of millions of military aged males. How they manage that, without causing a nuclear conflagration, is a fine line they’re going to have to walk. From several documents I’ve read of their war strategies, concerning the US, they have written extensively about biological war.

[lurk]

Maybe they need to do some more absolute shutdowns of more cities.