Students protest against soaring unemployment in China
With unemployment in Chinese cities increasing substantially, especially among educated young people who are unable to find work, protests have erupted in many of China's colleges and universities.
Data released by the Chinese Ministry of Civil Affairs earlier this month shows that fewer people in China are getting married amid the rising unemployment rate in the country. According to some China watchers, the trend is being driven by the high cost of marriage and overwhelming economic pressures on the Chinese youth. As per reports, […]
In 2024, China aims to create over 12 million jobs in urban areas, and keep the surveyed urban unemployment rate at about 5.5 percent, said the report. The country also plans to spend 1.66554 trillion yuan (around 234.5 billion U.S. dollars) on defense, up 7.2 percent, and sets an inflation target of about 3 percent.
MADRID, March 26: The number of coronavirus infections closed in on a half-million worldwide Thursday, with both Italy and the U.S. on track to surpass China, and a record-shattering 3.3 million Americans applied for unemployment benefits last week in a stark demonstration of the damage to the world’s biggest economy.
