CCP Released Unemployment Rate ‘Definitely Concerning’ for Chinese Economy, Experts Say

News Analysis The Chinese communist regime’s National Bureau of Statistics released new economic data for February on March 18, including a higher unemployment rate. Experts say that the latest unemployment figures are “definitely concerning” as high unemployment affects consumption, sluggish consumption affects domestic demand, and insufficient domestic demand affects companies’ hiring. Data from the Bureau of Statistics showed that the urban unemployment rate in February was 5.3 percent. This was the third consecutive month that the figure rose, from 5.1 percent in December last year to 5.2 percent in January and then to 5.3 percent in February, which brought the unemployment rate back to the level of last July....