China has suspended the release of monthly data on joblessness among young people, after the figure hit consecutive record highs in recent months amid a broader economic slump.
The news, which drew immediate backlash and ridicule on social media, was announced by the National Bureau of Statistics on Tuesday, when it released its regular batch of monthly economic indicators. Previously, the NBS unveiled urban unemployment rates for 16- to 24-year olds each month. Fu Linghui, a spokesman for the NBS, explained it was because the current statistics “need to be improved.
It was the weakest growth in consumption since December, when China scrapped its pandemic restrictions. Industrial production also came in below expectations. It was up 3.7% in July from a year earlier, compared to growth of 4.4% in June. Fixed-asset investment rose 3.4% in July, compared to the 3.8% growth recorded in June. The economy is grappling with weak export demand from global markets and an ongoing property crisis.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China appears to be building an airstrip on a disputed South China Sea islandChina appears to be constructing an airstrip on a disputed South China Sea island that is also claimed by Vietnam and Taiwan, according to satellite photos analyzed by The Associated Press.
Read more »
China appears to be building an airstrip on a disputed island in the South China SeaSatellite images of Triton Island, an island in the Paracel group that is also claimed by Vietnam and Taiwan, suggest construction of a runway almost 2,000 feet long, analysts say.
Read more »
Treasury Secretary Janet Yellen admits to eating 'hallucinogenic' mushrooms during China visit: 'Delicious'Treasury Secretary Janet Yellen says she ate hallucinogenic mushrooms at a restaurant in China last month, adding that she didn't know what they were.
Read more »
Yazhouwan National Laboratory - Yazhou Bay, Sanya, Hainan, China job with Yazhou Bay Science and Technology CityRecruitment Notice of Yazhou Bay National Laboratory for High-Level Talents
Read more »
Port call: China’s navy scouting range of sites for future overseas basesChina has fully militarized at least three islands it built in the disputed South China Sea and is now looking much farther afield — looking to establish a network of naval bases around the world to bolster its ability to project power and match the global reach of the U.S. Navy.
Read more »