PODCAST: China’s central bank gets busy, and disappearing youth unemployment data
By Doug Young & Rene Vanguestaine
China’s central bank has been on a roll lately, first lowering several key interest rates, and then announcing its policy will be “precise and forceful.” Are these kinds of strong words and actions from the usually conservative central bank cause for concern? And the National Bureau of Statistics announces it will stop publishing youth unemployment data. Why would it do that? Might it be related to its most recent data showing youth unemployment at record highs over 20%?
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