While Biden did misstate China’s GDP growth rate, he is right that China’s economy faces serious challenge that is unseen in at least 20 years. The official youth unemployment rate is 21.3%, and the actual rate might be as high as 46.5%.
While Biden did misstate China’s GDP growth rate, he is right that China’s economy faces serious challenge that is unseen in at least 20 years. The official youth unemployment rate is 21.3%, and the actual rate might be as high as 46.5%.