China's kids are not alright: Youth unemployment tops 20%
China has too much debt, has over-built infrastructure, has youth unemployment north of 20% and is facing a slow moving economic crisis as its years of unproductive spending are coming home to roost.
That is a sentence you could’ve read in an economic publication at any time over the past 5 years. China’s collapse has been called before, and over the past few weeks we saw the latest round of dire predictions for the world’s second largest economy.
But we want to drill down on one part of that story - the youth unemployment in China. Because it is stark. And quite frankly, countries don’t do well when youth unemployment is so high. Today Alec and Sascha ask - what is happening with the youth in China?
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