Breitbart Business Digest: China Hides Its Youth Unemployment Problem

China announced on Tuesday that it had arrived at a novel solution to the problem of burgeoning unemployment among its young men and women. China's authorities have responded by suspending the publication of data on youth unemployment. Like the old riddle which posits that a tree falling in the forest cannot make a sound if there is no one there to hear it, youth unemployment in China presumably cannot continue to rise if there is no one counting it. Zhang Dandan, a Peking University economist, estimated back in March that the unemployment rate was 46.5 percent if you counted the youngsters who had dropped out of the workforce. Job seekers look for employment opportunities at a job fair on February 18, 2023, in Taiyuan, Shanxi Province of China. Job seekers look for employment opportunities at a job fair on July 15, 2023, in Tengzhou, Zaozhuang City, Shandong Province of China. While much of the rest of the world is battling inflation, China is locked in a deflationary spiral.