Unemployment in China

China Unemployment | Economic News & Forecasts

China - Unemployment

The Chinese economy held up well in August despite escalating trade tensions with the United States and a cooling domestic economy. Both retail sales and industrial production figures improved in August, while property sector activities—although cooling slightly—remained strong. On the flip side, infrastructure investment continued to drag on overall fixed-asset investment, suggesting that recent policy easing and increased infrastructure funding will take some time before they start to kick in. Meanwhile, ongoing trade disputes with the United States worsened on 17 September following U.S. President Donald Trump’s decision to impose a 11% tariff on USD 200 billion of Chinese imports, effective 24 September, which will be increased to 25% on 1 January 2019. Moreover, Trump warned that his administration will impose tariffs on USD 267 billion of additional imports if China takes retaliatory action. Against this backdrop, China will likely reject new trade talks scheduled this week by the U.S. administration. In addition, while China will ultimately run out of U.S. imports to target, the Chinese authorities are also expected to retaliate with other measures on top of the tariffs. This could take the shape of additional trade barriers against the U.S. such as through the imposition of export restrictions.

China - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.1  4.1  4.1  4.0  3.9  

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China Unemployment Chart

China Unemployment
Note: Unemployment in % of active population.
Source: National Bureau of Statistics of China.

China Facts

Bond Yield3.69-0.11 %Sep 20
Exchange Rate6.85-0.19 %Sep 20
Stock Market2,729-0.34 %Sep 20

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