China Is Hiding More and More Data From the Rest of the World
- Bureau stops publishing youth jobless rate, which hit a record
- Government has sought to manage narrative about weaker economy
WATCH: More banks are cutting China GDP forecasts. Meanwhile, China suspended publishing data on soaring youth jobless rate, John Liu reports.
Source: BloombergThis article is for subscribers only.
China’s abrupt decision to pause releasing data on its soaring youth jobless rate this week was the latest sign the Asian giant is increasingly restricting sensitive information — especially when it’s unflattering to the nation’s faltering economy.
The unemployment rate of people aged 16-24 fell into that prickly category, after hitting a record of 21.3% in June. One fifth of young people being out of work is a troubling statistic for a ruling Communist Party obsessed with maintaining social stability.