Chinese economist Li Xunlei was recently removed from his post as director of Chinese brokerage firm Zhongtai Securities after he posted on social media an analysis that estimated China’s unemployment rate is 20.5 percent, more than three times the official figure announced by authorities.
On April 30, Chinese media reported that it was Li’s decision to resign from his position. They also posted a purported statement from Li, emphasizing that the analysis was not performed by him.
