China’s Older Job Seekers Expose Scale of Unemployment Crisis

“Relative to China’s consumer market, China has a surplus of about 100 million laborers. In the past, China relied on exports to ensure employment. But now, due to the economic downturn and the “de-risk” policy of the West, China’s exports are falling and unemployment pressure is rising,” University of Wisconsin-Madison researcher Yi Fuxian told Newsweek.