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☆ China is more concerned about geopolitical issues than its stock market: Asset management firm
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is more concerned about geopolitical issues than its stock market: Asset management firmYang Liu of Atlantis Investment Management says the Chinese government has "too many international issues they have to handle."

Persons: Yang Liu Organizations: China, Atlantis Investment Management

☆ Young, rich workers are fleeing New York and California—here's where they're going
▼ + stars: | 2023-08-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

Florida might be known as a retirement destination, but it's attracting plenty of young — and wealthy — newcomers. 1 state bringing in and keeping the young and rich, according to a recent analysis from SmartAsset, which ranked states based on net migration. That year, some 3,391 high-earning young people moved to Florida; 1,216 left, leaving the state with a net migration of 2,175 wealthy young people, as determined by SmartAsset. In second place, Texas saw the second-largest wave of young and wealthy newcomers with 4,048 moving in over the course of a year. However, the Lone Star State also saw a large outflow of young wealthy people leaving (over 2,000 taxpayers), resulting in a net migration of 1,909.

Persons: —, Jaclyn DeJohn, SmartAsset's Organizations: SmartAsset, Lone Star State Locations: Florida, , Texas, California, U.S, New Jersey

☆ Centaline says mainland China unit has 'huge' unpaid developers' commissions
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +2 min

A sign of Centaline Property is pictured at the company's office in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang Acquire Licensing RightsBEIJING, Aug 26 (Reuters) - Centaline Property has said its mainland China unit is owed a huge amount of unpaid commissions and so it cannot pay employees their commissions, responding to reports of delayed payments to the unit by developers including the embattled Evergrande. The Hong Kong property agency's mainland arm, Centaline Property Agency (Shenzhen), has not recovered some commission fees as property developers grapple with the debt crisis and liquidity crunch, Centaline said in a statement on Friday. "The current amount of unpaid commissions from developers and agents is huge and Centaline Property is not in a position to advance them to its employees," the company said. The Shenzhen unit has paid fixed salaries up to July, Centaline said, adding that all of units were operating normally and it would not withdraw from the mainland China market.

Persons: Tingshu Wang, Centaline, Liu Tianyang, Ella Cao, Ryan Woo, Robert Birsel Organizations: REUTERS, Rights, Centaline Property Agency, Securities Times, Thomson Locations: Tianjin, China, Rights BEIJING, Hong Kong, Shenzhen

Stringer/AFP/Getty Images“Invisible age discrimination for 35-year-olds has always existed in the workplace,” lawmaker Jiang Shengnan told the gathering, reported state-run China Youth Daily. “Although I had really good work experience and a master’s degree, I’m really uncompetitive after 35 years old,” Tao Chen said in his Douyin video. New twist on an old storyFor many Chinese women, the “curse” builds upon and further compounds the entrenched gender discrimination that has long plagued the workplace. And even in areas where some protection was offered – such as for mothers taking maternity leave – enforcement of the law is weak, and gender discrimination remains common, she said. Costfoto/NurPhoto/Getty Images“A large amount of age discrimination is intersectionality – discrimination of age, gender, pregnancy, and caregiving duties,” said the assistant professor.

Persons: Han, She’s, “, ”, don’t, –, Stringer, Jiang Shengnan, hadn’t, Tao Chen, ” Tao Chen, Liu, ” Liu, Yiran Zhang, Zhang, Liu – Organizations: Hong Kong CNN, CNN, Communist Party, Getty, Central Party School, Chinese Communist Party, Xinhua, ageism, Sichuan University, Cornell Law School, Employees Locations: Hong Kong, Beijing, China, Congjiang, AFP, Xinhua, “, Shenzhen, Suqian, Shenzhen –

☆ 66% of Americans want European-style vacation policies, like being OOO for the entire month of August
▼ + stars: | 2023-08-25 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Some 66% of U.S. workers say companies should adopt extended vacation policies, like a month off in August, in their workplaces, according to a Morning Consult survey of 1,047 U.S. adults. Several countries offer even more by law before paid public holidays come into play, which can add up to more than a month of business days in vacation time per year. But not all U.S. workers say they'd welcome longer vacation policies: 21% of Americans say companies should not adopt extended PTO policies in their workplace, while the remaining respondents say they don't know or don't have an opinion. The survey didn't specifically address the concerns of those against extended time off work, says Ellyn Briggs, brands analyst at Morning Consult. Check out: 28-year-old social media manager in Norway is required to take 3 weeks of vacation in summer

Persons: Ellyn Briggs, Briggs, Warren Buffett Organizations: European Union, European, Morning Locations: Europe, European, Norway

BEIJING, Aug 24 (Reuters) - Vendors at Beijing's largest seafood market said they were angry and scared for their future as Japan began to release treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean on Thursday. Amidst a wave of condemnation in Chinese state and social media, and just before China announced a ban on the import all aquatic products from Japan, several traders at Beijing's Jingshen seafood market expressed their fears and criticised Japan's decision. "The online public opinion is saying that in the future, seafood won't be called 'seafood' anymore, but 'nuclear-seafood," said 22-year-old vendor, Li Yuxuan. "The earth can manage without Japan, but not without seafood," wrote a user registered in Shanxi province, a post liked over a hundred thousand times. It maintains the water release is safe, noting that the International Atomic Energy Agency (IAEA) has also concluded the impact it would have was "negligible."

Persons: Li Yuxuan, Liu, Martin Quin Pollard, Xiaoyu Yin, Lincoln Organizations: China, Tsinghua University, Weibo, International Atomic Energy Agency, Reuters, Thomson Locations: BEIJING, Japan, East, South East Asia, Shanxi province, Tokyo, China, United States, Canada, Russia, Hong Kong

☆ This 25-year-old in London gets 2 months of vacation days each year: I 'work in PR, not the ER'
▼ + stars: | 2023-08-24 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

But in some countries around the world, workers regularly take more than a month of paid vacation days and even build stronger teams for it. The 25-year-old works in social media in London, where UK workers are entitled to 28 paid vacation days each year. That's roughly two months of business days in vacation time per year. "I like the saying that 'you work in PR, not the ER,'" Naumova adds. She finds it pretty easy to request days off and says her company helps people pace their breaks.

Persons: Jane Naumova, Naumova, it's Locations: America, U.S, London, Italy

☆ A First Look From NASA’s New Air Pollution Satellite
▼ + stars: | 2023-08-24 | by ( Delger Erdenesanaa | ) www.nytimes.com time to read: +1 min

When scientists switched on the instrument aboard a new satellite this summer, they got a preview of what will soon be the nation’s first continuous record of air pollution. The satellite will stay parked above North America and provide scientists with hourly daytime updates on air pollution nationwide. The satellite instrument, called TEMPO, will be able to measure several other pollutants as well. The images come during a summer of exceptionally bad air quality for the United States, with smoke from wildfires blanketing multiple cities and regions. But even before this summer, over the past decade or so, the gains in air quality Americans have enjoyed since the passage of the Clean Air Act in 1970 had started to plateau.

Persons: “, ”, Xiong Liu Organizations: Center, Astrophysics, Harvard University, Smithsonian Institution Locations: America, United States

REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsAug 24 (Reuters) - Blackstone's (BX.N) newly established China unit has received regulatory approval to raise funds that will be invested overseas, joining other global asset managers in seeking to tap Chinese investor demand for foreign assets. Blackstone registered a fund management unit with the Asset Management Association of China under the qualified domestic limited partnership (QDLP) programme, a notice from the regulator showed. The unit, which was established in March, has seven full time employees, including five fund professionals, the notice said. The quota-based QDLP programme, first launched in 2012, allows foreign and domestic fund managers to raise money from Chinese high-net worth individuals and institutions which is then fed into offshore funds. The QDLP programme is generally more popular when the yuan is weaker.

Persons: Blackstone, Roxanne Liu, Selena Li, Edwina Gibbs Organizations: Blackstone Group, REUTERS, Asset Management Association of China, U.S, KKR KKR.N, BlackRock BLK.N, Investment, Thornburg Investment Management, Thomson Locations: New York City, U.S, China, Hong Kong, Shanghai

We'll help you keep up by showing you where to watch "Ahsoka" episodes streaming online. Where to watch Ahsoka in the US"Ahsoka" is airing exclusively on Disney Plus in the United States. If you want to watch new "Ahsoka" episodes as soon as they're available, you'll need to sign up for Disney Plus. How to watch Ahsoka in the UKDisney Plus in the UK will also have "Ahsoka" episodes. Ahsoka episode scheduleEpisode Date Episode 1 August 22, 2023 Episode 2 August 22, 2023 Episode 3 August 29, 2023 Episode 4 September 5, 2023 Episode 5 September 12, 2023 Episode 6 September 19, 2023 Episode 7 September 26, 2023 Episode 8 October 3, 2023

Persons: Rosario Dawson, Natasha Liu Bordizzo, Sabine Wren, Ray Stevenson, Baylan, Mary Elizabeth Winstead, Hera Syndulla, Anakin Skywalker, Hayden Christensen, You'll Organizations: Disney, Lucasfilm, Disney Plus, Hulu, ESPN, US Locations: United States, Canada, South Africa, Israel, France, United Arab Emirates, Saudi Arabia, Netherlands, Italy

☆ Twitter took two days to suspend accused Pride flag killer's account
▼ + stars: | 2023-08-23 | by ( Josh Campbell | ) edition.cnn.com time to read: +2 min

CNN —X has suspended an account that posted numerous anti-gay and antisemitic posts and was used by the man accused of killing store owner Lauri Carleton over her display of a Pride Flag. But the account had remained live two days after law enforcement publicly confirmed its existence on the platform formerly known as Twitter. The social media company finally suspended the account Wednesday evening. The X account used by the suspect contained a pinned tweet with an image of a Pride Flag set on fire. It was not clear if the suspension of the account was a result of CNN’s query.

Persons: Lauri Carleton, Alejandra Caraballo, —, We’ll, ”, X, Elon Musk, — CNN’s Michelle Toh, Juliana Liu Organizations: CNN, Twitter, Cyberlaw Clinic, Harvard Law, San Locations: San Bernardino County

France, which widened its heatwave red alert in the south of the country, said it would scale back production at a nuclear power plant as high temperatures curbed cooling water supply. The strait, linking the Aegean Sea and the Black Sea, is a major shipping route for commodities such as oil and grains. It said some areas of southern France would experience temperatures of 42 degree Celsius (108 degrees Fahrenheit). The authorities widened a heatwave red alert for the south of the country, while officials urged some mountain climbers to postpone their activities and told grape pickers to work in the morning to avoid the extreme heat. Italy issued heatwave red alerts about "emergency conditions" that the health ministry says could endanger the healthy as well as the frail in 17 of its 27 main cities for Wednesday and Thursday, including Rome, Milan, Florence and Venice.

Persons: Firefighters, Vassilis Kikilias, herder, Saint Alban, Karolina Tagaris, Alexandros Avramidis, Ezgi, Zhifan Liu, Forrest Crellin, Nacho Doce, Violeta Santos Moura, Crispian Balmer, Charlie Devereux, Edmund Blair Organizations: Migration Ministry, Residents, Civil, European Union, EDF, Saint, Fundacion Madrina, Firefighters, Wednesday, Thomson Locations: Athens, Turkey, Dardanelles, France, Italy, ATHENS, ISTANBUL, Europe, Greece, Menidi, Amygdaleza, Fyli, Alexandroupolis, Evros, East, Asia, Turkey's, Canakkale, Meteo, Spain, Tenerife, Rome, Milan, Florence, Venice

☆ US antitrust regulator names Henry Liu to head competition unit
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Federal Trade Commission seal is seen at a news conference in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsAug 22 (Reuters) - The U.S. Federal Trade Commission (FTC) said on Tuesday that Henry Liu, a partner at law firm Covington Burling, would be the new director of the commission's Bureau of Competition. "I'm excited to have Henry at the helm of the Bureau of Competition," Chair Lina Khan said in a statement. At Covington & Burling, where he worked for 14 years, Liu rose to be a partner in litigation and antitrust practices, according to the statement. Liu went to Yale Law School, graduating in 2007, according to his LinkedIn page.

Persons: Yuri Gripas, Henry Liu, Covington, Liu, Henry, Lina Khan, R, Guy Cole Jr, Bill Clinton, Diane Bartz, Ismail Shakil, Rami Ayyub, Cynthia Osterman Organizations: Federal Trade Commission, REUTERS, U.S . Federal Trade Commission, Competition, Meta's Facebook, Amazon.com, FTC, Big Tech, Justice Department, Albertsons, Covington &, Yale Law School, U.S ., Appeals, Sixth Circuit, Thomson Locations: Washington , U.S, commission's, Covington, Covington & Burling, Washington, Ottawa

☆ Explainer: Cambodia's new leader Hun Manet, strongman or reformer?
▼ + stars: | 2023-08-22 | by ( Martin Petty | ) www.reuters.com time to read: +5 min

Hun Manet, nominee for Cambodia's prime minister, gestures as he registers at the National Assembly on the day that parliament votes to confirm the country's next prime minister, in Phnom Penh, Cambodia, August 22, 2023. The eldest of Hun Sen's five children, Hun Manet was born in 1977 in rural Cambodia. Hun Manet is married to Pich Chanmony, the daughter of a prominent Cambodian politician and has three children. In late 2021, Hun Sen declared Hun Manet his anointed successor and he was later endorsed by the CPP as "future prime minister". WHAT KIND OF LEADER WILL HUN MANET BE?

Persons: Hun Manet, Cindy Liu, Hun Sen, Will Hun Manet, Hun Sen's, Manet, Pich Chanmony, HUN MANET, Michael Perry Organizations: National Assembly, REUTERS, New York University, Britain's Bristol University, Cambodian People's Party, CPP, U.S ., ASEAN Business Council, Reuters, Thomson Locations: Phnom Penh, Cambodia, Cambodian, United States, Britain, China, U.S, New York

☆ Workers overwhelmingly want a 4-day workweek—on one condition
▼ + stars: | 2023-08-22 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Global experiments to test a four-day workweek have gotten workers, and their bosses, onboard with the idea. It's worth noting the Morning Consult survey defined a four-day workweek as working four days a week for 10-plus hours a day. There are surprising generational differences at play: 93% of millennials and 88% of Gen Xers lead the way in being interested in a shorter workweek. Baby boomers, meanwhile, show the least amount of interest (72%) in a shorter week. Workers say they most want the benefit to improve their commute, work-life balance and to avoid discomfort working in an office.

Persons: Gen Xers, they'd, Gen Zers, boomers, Ellyn Briggs, Warren Buffett Organizations: Workers, Morning Locations: U.S

☆ Philippines says South China Sea outpost resupplied despite Chinese harassment
▼ + stars: | 2023-08-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

CNN —The Philippines on Tuesday said it had successfully delivered supplies to marines aboard the BRP Sierra Madre, a dilapidated military outpost in the contested South China Sea, despite attempts by Chinese vessels to block the mission. Liu said two Philippine supply vessels and two marine police vessels entered the waters “without the permission of the Chinese government.”The South China Sea has long been a source of tension between Manila and Beijing. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million square mile South China Sea, as well as most of the islands within it, even those hundreds of miles from the Chinese mainland. The Philippines, Malaysia, Brunei, Vietnam and Taiwan also lay claim to various atolls, sandbars and islands of the sprawling South China Sea. Manila’s territorial claims are backed by the international Permanent Court of Arbitration in the Hague, which ruled in 2016 that China has no legal basis to claim historic rights to the bulk of the South China Sea.

Persons: Thomas, Renai, Liu Dejun, Liu, Ferdinand Marcos Jr, ” Marcos Jr Organizations: CNN, BRP, BRP Sierra Madre, National Task Force, West Philippine, China Coast Guard, Chinese Maritime Militia, Philippine Coast Guard, China, China’s, Guard, “, Court Locations: Philippines, BRP Sierra, China, Beijing, South, United States, BRP Sierra Madre, Philippine, Manila, The Philippines, Malaysia, Brunei, Vietnam, Taiwan, Hague, South China

☆ Cambodia parliament endorses strongman's son Hun Manet as new PM
▼ + stars: | 2023-08-22 | by ( Prak Chan Thul | ) www.reuters.com time to read: +1 min

[1/3] Hun Manet, nominee for Cambodia's prime minister, walks on the day that parliament votes to confirm the country's next prime minister, in Phnom Penh, Cambodia, August 22, 2023. REUTERS/Cindy Liu Acquire Licensing RightsPHNOM PENH, Aug 22 (Reuters) - Cambodia's newly elected parliament endorsed military general Hun Manet as prime minister on Tuesday, completing a historic transfer of power in a fast-changing country led by his father for nearly four decades. The Western-educated Hun Manet, 45, had the backing of the majority of the National Assembly in proceedings screened live on television. His father, Hun Sen, a former Khmer Rouge guerrilla and self-style strongman, has pledged to remain in politics in other roles for at least a decade. Little is known about Hun Manet's vision for Cambodia, a country of 16 million people, few of whom have lived under a leader other than his father.

Persons: Hun Manet, Cindy Liu, Hun Sen, Hun Manet's, Martin Petty, Stephen Coates Organizations: REUTERS, National Assembly, New York University, Britain's Bristol University, Thomson Locations: Phnom Penh, Cambodia, PHNOM PENH, Khmer Rouge, United States

☆ ‘Ahsoka’ Review: Rosario Dawson Finds the Force
▼ + stars: | 2023-08-22 | by ( Mike Hale | More About Mike Hale | ) www.nytimes.com time to read: +1 min

The first episode of “Ahsoka,” the new “Star Wars” mini-series on Disney+, is titled “Master and Apprentice,” because of course it is. Obi-Wan and Luke, Yoda and Luke, Obi-Wan and Anakin, Anakin and Ahsoka, the Mandalorian and the floating baby. “Star Wars” has one story and it’s sticking to it. “Ahsoka,” two of whose eight episodes were available for review (they premiere on Tuesday night), is particularly true to the time-tested narrative of fractious mentorship and surrogate parenthood. If found, he could be a danger to the nascent New Republic, which is in power after the events of the original “Star Wars” trilogy but not yet facing the existential threats it encounters in the most recent movies.

Persons: “, Wan, Luke, Yoda, Obi, ”, Ahsoka Tano, Rosario Dawson, Mandalorian protégé, Sabine Wren, Natasha Liu Bordizzo, Baylan Skoll, Ray Stevenson, Shin Hati, they’re Organizations: Disney Locations: New Republic

☆ As China Falls Into Deflation, the Mood Turns Dark
▼ + stars: | 2023-08-21 | by ( Li Yuan | More About Li Yuan | ) www.nytimes.com time to read: +2 min

Consumer prices in China fell last month for the first time in more than two years. Chinese banks extended $47.5 billion of new renminbi loans, tumbling 89 percent from June — and half the amount of a year earlier. China slipped into deflation after the government’s draconian “zero Covid” policy drastically suppressed consumption and business activity last year. With anxiety running high, people are already saving more and spending less. He bought apartments in two complexes in 2019 and the developers of both stopped building after running out of money.

Persons: —, Chenggang Xu, ”, “, Liu Organizations: Stanford University, Toyota Corolla Locations: China

☆ Hot strike summer has 'real potential to last,' Ivy League expert says: 'There's a contagion effect'
▼ + stars: | 2023-08-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Tens of thousands of workers, from Hollywood writers and actors to hotel workers to UPS drivers, have taken part in the "summer of strikes." "When you see another union succeed, you're more inclined to push yourself for a better deal," he adds. "There's a contagion effect in seeing the [strike] strategy working, and you're more likely to use it yourself." "Good wages, benefits and job protections that you see in unionized jobs are going to attract workers. "Hollywood is a good example," he adds, "where people in technical trades that support productions have a lot of protections and benefits.

Persons: Alex Colvin, Colvin Organizations: Hollywood, Cornell ILR School Labor, Cornell School of Industrial and Labor Relations, Union, UPS, Bloomberg, Teamsters Union, CNBC, Starbucks, Companies Locations: New York

☆ This common resume tip is 'overrated,' says hiring expert: 'There's a lot of debate'
▼ + stars: | 2023-08-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

A lot has to go onto your resume to cover your work experience, education and skills, but thinking of it as just a cut-and-dry document could be a big mistake, according to one hiring expert. "There is merit in having your passion for the job and excitement for the opportunity come out in your resume," Morrison says. Remember, it's probably the first impression you're making with a recruiter and hiring manager. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook. Check out: This is the best day of the week to apply for a new job, says a hiring expert

Persons: that's, Marissa Morrison, you've, Morrison, it's, Warren Buffett

☆ Goldman Sachs: Is David Solomon on his way out? The CEO whisperer weighs in
▼ + stars: | 2023-08-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —David Solomon, CEO and president of Goldman Sachs, is getting bad press — a lot of bad press. And while shares of Goldman Sachs (GS) may be down by more than 5% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs did not respond to requests for comment for this article. Before the Bell: What is going on at Goldman Sachs? There have been articles purporting that former Goldman CEO Lloyd Blankfein isn’t happy with the job David Solomon has done and that he has offered to step in to help.

Persons: David Solomon, Goldman Sachs, Marcus, Solomon, they’re, Bell, Jeffrey Sonnenfeld, Lloyd Blankfein isn’t, that’s, Lloyd, he’s, That’s, David, ‘, Juliana Liu, Michelle Toh, ” Julian Evans, Pritchard, Zichun Huang, Hang, Lehman, Hillary, Eva Rothenberg, Harry Reid, Hilary Organizations: CNN Business, Bell, New York CNN, Financial Times, Yale School of Management’s, Leadership Institute, Nokia, BlackBerry, Microsoft, Goldman, People’s Bank of China, Reuters, Capital Economics, Hang Seng, The Bank of Korea, Bank Indonesia, country’s National Bureau of Statistics, Harry, Harry Reid International, San Diego International Locations: New York, Lloyd, China, Hong Kong, Shanghai, Asia, Las Vegas, California, Nevada, Southern California, Idaho

☆ China cuts key interest rate in bid to revive economic growth
▼ + stars: | 2023-08-20 | by ( Juliana Liu | ) edition.cnn.com time to read: 1 min

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☆ China vows to coordinate support to resolve local government debt risks
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +3 min

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/ File Photo Acquire Licensing RightsBEIJING, Aug 20 (Reuters) - China will coordinate financial support to resolve local government debt problems, the central bank said in a statement on Sunday, as policymakers look to shore up an increasingly shaky economic recovery and reassure worried investors. Financial departments should coordinate support to resolve local debt risks, enrich tools to prevent and resolve debt risks, strengthen risk monitoring and firmly hold the line on avoiding systemic risk, according to the PBOC statement. Bloomberg reported on Aug. 11 that China will offer local governments a combined 1 trillion yuan ($137 billion) in bond issuance quotas for refinancing. "Financial support to the real economy must be strong enough" while major banks should increase lending, the statement said.

Persons: Jason Lee, Fitch, Pan Gongsheng, Xiao Yuanqi, Li Chao, PBOC, Ellen Zhang, Siyi Liu, Ryan Woo, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, Communist Party, Bloomberg, PBOC, National Financial Regulatory, China Securities Regulatory, Thomson Locations: Beijing, China, Rights BEIJING

☆ One in 5 Chinese young adults looking for work is unemployed. The lack of work slows down the whole economy
▼ + stars: | 2023-08-19 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Over one in 5 Chinese young adults looking for work can't find it, according to China's National Bureau of Statistics. According to UNICEF, youth unemployment can lead to social and economic unrest. For their July data released last week, Chinese government officials entirely omitted the data on youth unemployment. According to research from United Nations Children's Fund, youth unemployment impacts present and future economic growth and stability. The report also warns that youth unemployment can have "significant and serious social repercussions" and social unrest.

Persons: Sun Xin, Sun, haven't, Xi Jinping, it's, Liu Xingyu, Liu Organizations: National Bureau of Statistics, UNICEF, Service, China's National Bureau of Statistics, King's College London, NBC News, CNBC, The New York Times, Times, United Nations Children's Fund, Street Journal Locations: Wall, Silicon, China, COVID

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