MNI BRIEF: China Oct Youth Unemployment Slight Improvement

China’s youth unemployment rate for 16-to-24 year old urban workers was 17.3% in October, an improvement from 17.7% in September and August's year-high 18.9%, data from the National Bureau of Statistics showed on Tuesday.

The rate for 30-to-59 year old urban workers was 7.2%, unchanged month-on-month. In October, the overall national urban survey unemployment rate was 5.1%, down 0.1 percentage points from the previous month, data from the bureau released last week showed. 

China will maintain proactive fiscal policy with a modest expansion of debt over the next five years as it seeks potential GDP growth of around 5% and aims to double GDP per capita by 2035, policy advisors recently told MNI. (See MNI: China To Maintain Modest Debt Expansion)