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📝 High Youth Unemployment Is China's Biggest Challenge: Nordea

The relatively weak labour market is probably one of the reasons for both low household confidence and weak activity in the housing market. The pickup in the income growth has continued to be weak and the record-high youth unemployment is probably one of the biggest challenges facing China’s leaders at the moment. High youth unemployment has traditionally been a highly politically sensitive topic in China and demands for more stimulus may grow. However, we think the leaders are between a rock and a hard place when it comes to requests for substantial stimulus as we do not see much room for it.




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