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China's rising youth unemployment: Part 1

Business Daily

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The Slowdown in the Chinese Economy

During two decades of boom, property prices have risen five times over. But now with far more homes than people to fill them, the crash has started to feel like it's inevitable. Chinese consumers fearful for their future savings and therefore reluctant to spend - which in turn makes big Chinese companies reluctant to hire. And that is contributing to the slowdown in the Chinese economy.

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