5 takeaways from China’s April economic data as youth unemployment worsened
South China Morning Post
23-05-16 15:30
China's jobless rate among the 16-24 age group rose to 20.4% in April, up from 19.6% in March, according to data from the country's National Bureau of Statistics. The overall urban surveyed jobless rate stood at 5.2% in April, down from 5.3% in March. Meanwhile, retail sales rose by 18.4% in April year-on-year, lower than the expected rise of 20.2%, but up from a 10.6% increase in March. Fixed-asset investment rose 4.7% in the first four months of 2023, down from a 5.1% rise in Q1, according to the same data set.