Why Youth Unemployment Is Surging In China

China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world’s second-most populous country also has a major youth unemployment problem. China’s urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier. “Let’s not forget about the draconian lockdown measures,“ says Fang Xu, urban sociologist at the University of California, Berkeley. “The young people are still recovering.“ This comes as the world’s second-largest economy faces a tougher time getting out of the Covid pandemic than many experts estimated, which has broader impacts on the ability of investors to put money to work in the country, and the struggling property sector. Chapters: 00:00 — Introduction 02:18 — Economic weakness 05:10 — ‘Professional children’ 08:02 — Beijing’s response 10:17 — What’s next? Produced by: Christian Nunley Edited by: Kevin Heinz Graphics by: Christina Locopo Narration by: Jordan Smith Supervising Producer: Jeff Morganteen » Subscribe to CNBC:  » Subscribe to CNBC TV:  About CNBC: From ’Wall Street’ to ’Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news:  Follow CNBC on LinkedIn:  Follow CNBC News on Facebook:  Follow CNBC News on Twitter:  Follow CNBC News on Instagram:  #CNBC Why Youth Unemployment Is Surging In China