China reports second-quarter GDP loss, another record in youth unemployment
BEIJING – China said Monday that second-quarter gross domestic product grew 6.3% from a year earlier, below expectations.The unemployment rate among 16-24 year olds was 21.3% in June, a new record.The GDP figure of 6.3% for the second quarter marked a growth rate of 0.8% compared to the first quarter, slower than the quarter-on-quarter rate of 2.2% recorded in the first three months of the year. Analysts polled by Reuters had forecast a 7.3% rise in second-quarter GDP.National Bureau of Statistics spokesman Fu Linghui noted that China faces a complex geopolitical and economic international environment. He also said that China…
