China on Tuesday said it would stop releasing data on its rising youth unemployment as a raft of disappointing figures stoked concerns over the state of the world's second largest economy.

China on Tuesday said it would stop releasing data on its rising youth unemployment as a raft of disappointing figures stoked concerns over the state of the world’s second largest economy.

Shortly before the data dump, the central bank cut a key interest rate in an effort to boost flagging growth.

A slew of disappointing figures in recent months has reflected a slump as China’s post-COVID rebound fades, with joblessness among 16 to 24-year-olds hitting a record 21.3 percent in June.

  • hydroptic
    2·
    11 months ago

    It’s an all-time favorite with authoritarian governments. Want a problem to go away? Stop collecting data and actively make life a hell for anyone who tries to do it. Russia did it with eg. most of their current economic metrics, and the number of HIV infections (stopped collecting data after prevalence went over 1%).

    For authoritarian governments, lying is just another way of exercising their power over their “subjects.” Authoritarians in general seem to lie incessantly