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Bullboard - Stock Discussion Forum AnalytixInsight Inc V.ALY

Alternate Symbol(s):  ATIXF

Financial Services Technology Capital Markets Software - Application
AnalytixInsight Inc. is a Canada-based data analytics and enterprise software solutions provider to institutions across various industries. The Company develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers, and investors in the financial services industry. It provides financial research and content for investors... see more

TSXV:ALY - Post Discussion

AnalytixInsight Inc > Big Trouble in China as youth unemployment hits over 20%
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Post by Gulag2011 on Aug 21, 2023 7:52pm

Big Trouble in China as youth unemployment hits over 20%

China suspends youth unemployment data after record high

  • By Mariko Oi & Nick Marsh
  • BBC News
Job seekers and recruiters at a job fair in Beijing, China.

IMAGE SOURCE, EPA-EFE/REX/SHUTTERSTOCK

China has stopped releasing youth unemployment figures, which were seen by some as a key indication of the country's slowdown.

The decision is due to changes in the world's second largest economy and its society, a government spokesman said.

In June, China's jobless rate for 16 to 24 year olds in urban areas hit a record high of more than 20%.

The country's central bank also cut the cost of borrowing on Tuesday in an attempt to help boost growth.

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