J.Sʜᴀʀᴘ🌍🇺🇦Fʀᴇᴇᴅᴏᴍ&Dᴇᴍᴏᴄʀᴀᴄʏ<p>🔴 <a href="https://mstdn.social/tags/China" class="mention hashtag" rel="tag">#<span>China</span></a> has stopped releasing youth <a href="https://mstdn.social/tags/unemployment" class="mention hashtag" rel="tag">#<span>unemployment</span></a> figures, which were seen by some as a key indication of the country&#39;s <a href="https://mstdn.social/tags/slowdown" class="mention hashtag" rel="tag">#<span>slowdown</span></a></p><p>In June, <a href="https://mstdn.social/tags/China" class="mention hashtag" rel="tag">#<span>China</span></a>&#39;s <a href="https://mstdn.social/tags/jobless" class="mention hashtag" rel="tag">#<span>jobless</span></a> rate for 16 to 24 year olds in urban areas hit a record high of more than 20%</p><p>The country&#39;s central bank also cut the cost of borrowing on Tuesday in an attempt to help boost growth</p><p>Official figures published on Tuesday showed <a href="https://mstdn.social/tags/China" class="mention hashtag" rel="tag">#<span>China</span></a>&#39;s overall <a href="https://mstdn.social/tags/unemployment" class="mention hashtag" rel="tag">#<span>unemployment</span></a> rate had risen to 5.3% in July</p><p>🇨🇳 <a href="https://mstdn.social/tags/ChinaCrashLooming" class="mention hashtag" rel="tag">#<span>ChinaCrashLooming</span></a> 🇨🇳<br /><a href="https://www.bbc.co.uk/news/business-66506132" target="_blank" rel="nofollow noopener" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">bbc.co.uk/news/business-665061</span><span class="invisible">32</span></a></p>