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China’s Corporate Layoffs Aggravate Unemployment

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China’s Corporate Layoffs Aggravate Unemployment
People attending a job fair in Beijing on Aug. 26, 2022. China's slowing economy has left millions of young people fiercely competing for an ever-slimming raft of jobs and facing an increasingly uncertain future. Jade Gao/AFP via Getty Images
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Chinese companies have been laying off employees since 2023, aggravating an unemployment crisis among Chinese youth.

According to the Chinese Communist Party (CCP), the unemployment rate of urban youth aged 16 to 24 reached 20.4 percent in April.
Kane Zhang is a reporter based in Japan. She has written on health topics for The Epoch Times since 2022, mainly focusing on Integrative Medicine. She also reports on current affairs related Japan and China.
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