​China On The Verge: Welfare State Crumbles, Explosion In Social Unrest As Youth Unemployment Soars, Strikes Surge – Tyler Durden

China On The Verge: Welfare State Crumbles, Explosion In Social Unrest As Youth Unemployment Soars, Strikes Surge In retrospect, it was clear that the bottom was falling out of China’s economy (the real economy, not the fake “as reported” one) last August when shortly after we learned that youth unemployment in the country hit a record 21.3%, Beijing unexpectedly stopped reporting this data entirely, because as Stalin would probably say today if he were still alive, “No data – no problem”! Since then, largely as a result of Xi Jinping’s insistence not to stimulate the economy no matter the severity…  — Continue at ZeroHedge News : Read More