China's Youth Unemployment Climbs to 17.1% Amid Economic Struggles

Youth unemployment in China rose to 17.1% in July, the highest this year, as the country grapples with economic challenges, according to VOA. This surge follows June’s 13.2% rate, with nearly 12 million recent graduates adding to job market pressures. China's overall unemployment rate stands at 5.2%, though figures mainly reflect urban areas. The country's economic woes also include sluggish industrial growth, falling real estate prices, and reduced demand for bank loans. Chinese Premier Li Qiang has called for better support for struggling businesses.