Unemployment in China

China Unemployment | Economic News & Forecasts

China - Unemployment

The Chinese economy is quickly losing momentum amid the escalating trade war with the United States. Data from May revealed that industrial production growth hit a 17-year low, while investment dynamics continued to deteriorate despite solid credit growth. Although retail sales posted a noticeable improvement in the same month, this mostly reflected a seasonal distortion related to the Labor Day holiday. Moreover, the takeover of Baoshang Bank by regulators on 24 May sparked concerns about the health of China’s financial system, especially small lenders, and caused primary money rates to rise. While Presidents Xi Jinping and Donald Trump are scheduled to meet at the 28-29 June G20 summit in Osaka, any substantial progress on trade issues seems unlikely, with the U.S. delaying the implementation of new tariffs on Chinese goods seemingly the most optimistic scenario.

China - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.1  4.1  4.1  4.0  3.9  

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China Unemployment Chart

China Unemployment
Note: Unemployment in % of active population.
Source: National Bureau of Statistics of China.

China Facts

Bond Yield3.18-0.40 %Jul 11
Exchange Rate6.87-0.19 %Jul 11
Stock Market2,918-0.34 %Jul 11

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