Youth unemployment painted a gloomier picture, climbing to 16.9% in February, up from 16.1% in January.
AI Crucial for Long-Term Growth Prospects
Meanwhile, improving business sentiment may aid job creation and revive consumer confidence, potentially driving consumption. Alibaba Group (09988.HK) chairman Joe Tsai boosted hopes of falling unemployment on March 25, reportedly saying:
“Clear signs of business entrepreneurs being more confident since January, since President Xi met with private businesses. Company plans to re-start hiring after reaching…
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