The Wall Street JournalThe Wall Street Journal

China slashes rates, suspends youth jobless data as economy signals sharper downturn

By Jason Douglas

15 Aug 2023 · 6 min read

informed Summary

  1. Chinese officials have announced they will stop reporting the country’s youth unemployment rate, which has been increasing for months, limiting access to key data on the health of the world’s second-largest economy.

SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after months of spiraling increases, depriving investors, economists and businesses of another key data point on the declining health of the world’s second-largest economy.

The surprise move extends China’s efforts to restrict access to a variety of data on its economy and corporate landscape to outside scrutiny.

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