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welcome to another episode of China update where I provide you guys with the most up-to-date political economic and geostrategic analysis on the worlds number two economy my name is Tony lets jump in okay happy Friday everybody Chinese policy makers are facing several difficult medium to long-term systemic challenges that will impact their future economic growth health and diamondism however as regular viewers know China is also dealing with immediate short-term challenges too Beijing has indicated that it needs to stabilize these first before moving to push through more painful and tricky reforms to deal with the longer term issues one of these immediate short-term challenges is youth unemployment especially for recent graduates as we have seen official youth unemployment is once again creeping towards 20 percent one in five young people very high by modern PRC standards we see here that the rate has almost doubled in just a few years during the pandemic yet another data point sugge