China's youth unemployment problem is the root of its economic woes, according to economist Nancy Qian.
That's largely due to a shortage of high-skill, high-paying jobs, which will weigh on its economy.
That's largely been driven by the lack of high-skill and high-paying jobs in China's employment market, which have left many college graduates unable to find work.
Meanwhile, China's economy has been slowing, with the nation seeing a disappointing economic revival since dialing back its zero-COVID policies at the start of this year.
But current patterns raise profound concerns for China's economic outlook, especially considering that the government's policies for addressing them have not worked," Qian said.
Persons:
Nancy Qian, That's, Qian, It's, that's
Organizations:
Service, Northwestern University, Project Syndicate, National Bureau of Statistics, Monetary Fund
Locations:
Wall, Silicon, China