August 16, 2023 8:28 AM

China's overall unemployment rate rises to 5.3% in July

China has stopped releasing youth unemployment figures, which has been seen by some as a key indication of the country's slowdown. The country's central bank also cut the cost of borrowing on Tuesday in an attempt to help boost growth. Official figures published on Tuesday showed China's overall unemployment rate had risen to 5.3% in July. The decision is due to changes in the world's second-largest economy and its society, a government spokesman said. Another issue causing m...