China’s youth unemployment reaches 21%, threatening internal stability for the country

China’s youth unemployment > 21% now.

Is that bad?t.co/Rw4qmSZUu0

— Michael Kao (@UrbanKaoboy) July 17, 2023

China reports second-quarter GDP miss, another record high in youth unemployment. How will the market react to this.

The 6.3% GDP print for the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year.
National Bureau of Statistics spokesperson Fu Linghui noted China faces a complex geopolitical and economic international environment.
He also said China can still achieve its full-year growth target. Beijing in March set a goal of around 5% growth for 2023.

www.cnbc.com/2023/07/17/china-reports-q2-gdp-miss-another-record-high-in-youth-unemployment.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Decline in Chinese 1-year government bond systematically precedes a decline in US manufacturing PMI, as observed in:

– 2014
– 2018
– 2021 pic.twitter.com/7DMvMHAzxC

— Game of Trades (@GameofTrades_) July 17, 2023