TIANJIN, China — Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country's ambitions.A year and a half after crippling Covid-19 restrictions ended, the property crisis is just one of the deadweights dragging on China's recovery momentum, sending ripples of unease through the country's leaders and citizens.
Harry Murphy Cruise of Moody's Analytics said he expected youth unemployment would be 'a key pillar of the discussions' at the Third Plenum.The job market's problems stretch deeper than just China's young people, though.One employer told AFP it was 'very difficult' for people over 30 in the current climate.The issue, said a graduate surnamed Shen, was simply that 'there are too many jobseekers relative to positions available.