Unemployment in China

China Unemployment | Economic News & Forecasts

China - Unemployment

Economic growth moderated sharply in May, mostly due to tighter financial conditions as authorities continue to crack down on shadow banking and support financial deleveraging. Infrastructure investment, which is highly sensitive to new credit, led the fall in fixed asset investment growth. While manufacturing output slowed in May, activities related to the new economy—mostly high-tech—continued to post solid growth. After showing resilience for most of this year, consumption has now become a concern as retail sales growth fell to a multi-year low in May. While a drop in car sales represents the bulk of the deceleration, a further deterioration in retail sales could seriously hit growth in H2. The escalation in the trade war between China and the U.S. continued in June, with both countries targeting USD 50 billion in import tariffs. While the impact is expected to be rather limited, it represents another step towards a full-blown trade conflict.

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 Yield3.52-0.11 %Jul 13
Exchange Rate6.69-0.19 %Jul 13
Stock Market2,831-0.34 %Jul 13

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