China's Economy Slows Sharply in May as Stimulus Fails to Stem Youth Job Crisis
- China's consumer and factory activity weakened significantly in May, signaling slowing growth.
- Unemployment among young, urban Chinese reached a record high of 20.8% in May.
- Monetary and fiscal stimulus measures have failed to revive China's battered economy.
- Retail sales and industrial output growth missed expectations, marking the slowest expansion this year.
- China's broad-based stimulus measures have failed to boost its weak property sector, a key driver of growth.
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