Posted inRealpolitik

China’s high-class unemployment problem

China’s record 20.4% youth unemployment, Nancy Qian writes May25 in Project Syndicate, will “weaken the China’s economy near- and long-term prospects.” China’s high-tech economy hasn’t grown fast enough to absorb the explosion of tertiary graduates. In 2000, China’s tertiary education rate was only 7%, vs. 63% today, on par with Germany. And a third of […]

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