Youth unemployment is just over 21%.
There are many denials that China has major problems economically.
Prices are dropping in China. The central bank can not regain any measure that would help the economy.
This will all get worse.
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On the US, this is behind a paywall. I was not expecting this headline. It is a month old.
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China is taking bigger steps to showcase its policy determination after a slew of piecemeal measures to support the housing market failed to halt a slide. The latest changes included lowering the minimum down payment and easing mortgage restrictions for some homebuyers at mega-cities including Beijing. Home sales soared in the biggest cities over the weekend following the relaxation of mortgage rules, according to several local media reports Monday.
DB2
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