The one word reason why Chinese authorities are piling into stimulus right now. Panic. ...Middle East

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The one word reason why Chinese authorities are piling into stimulus right now. Panic.
The 2024 class of university graduates in China is the largest ever, at 11.8mn. They are entering a labour market showing record youth unemployment.Media reports, in summary, outline the cornering situation facing the oldies clinging on to power in the Politburo.Youth unemployment (16-24) hit 18.8% in August, near all-time highLess than 30% of firms hiring as many new grads as last year due to cost-cuttingKey sectors for youth employment struggling: Property sector in crisisTech and internet industry facing regulatory pressuresTutoring industry hit by crackdownsGovernment temporarily paused reporting youth unemployment data in 2023Resumed with new calculation method, excluding current studen

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