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A Chinese spokesperson highlighted concerns about the economy, particularly youth employment as Beijing prepares for its annual legislative meetings. The CPPCC will commence alongside the Communist Party’s annual National People’s Congress (NPC), together known as the “Two Sessions”. This comes amid China’s prolonged property crisis, sluggish domestic consumption, and persistently high youth unemployment. China experienced economic growth of 5.2% last year, marking one of its slowest rates in decades. Youth unemployment stood at around 15% by the end of 2023, though the figure had been temporarily halted as the jobless rate surged above 20%. Despite these challenges, Beijing has expressed confidence in China’s economic resilience, noting that the nation still possessed a solid foundation. Watch this video to know more.
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