Unemployment rate increases in China, foreign investment decreases

According to statistical data from China's Statistics Bureau, China's unemployment rate has exceeded that of the same period last year, and foreign investment has also visibly decreased.

According to the latest statistical data announced by China's Statistics Bureau on June 20th, the unemployment rate among young people who completed their studies in May - that is, Chinese people aged 16-24 in urban areas - was 14.9%. In May 2024, this rate was 14.2%, showing an increase in the unemployment rate compared to the same period.

A spokesperson for China's Statistics Bureau warned about this: "This summer, 12.2 million students will graduate and enter the labor market. The youth unemployment rate may rise further."

In analysts' assessments of this matter, it has been mentioned that the Chinese Communist regime has been trying to prevent resistance against authoritarian rule by improving people's living standards. Although no strong forces are opposing the Chinese regime in China, there is a risk of demonstrations and resistance if people's living standards decline.

Although China implemented measures in previous months to curb the unemployment rate, such as providing subsidies to companies that hire unemployed youth or recent graduates, it still could not prevent the rising trend in unemployment rates. The US-China trade war in previous months has shown significant impact in this regard.

In addition to the above, China's Ministry of Commerce announced in its statement on June 20th that the total amount of foreign capital directly invested in China from January to May this year was 358.2 billion yuan, which is 13.2% lower than the same period last year.