( ) -q-24- UNDATED (Correspondent Jeremy House) “not yet solid.’” China’s factory and consumer activity weakened further in May. [CutID: <Cuts> CHINA-ECONOMY-house-q-THUam.mp3 Time: 24s Title: CHINA-ECONOMY-house-q-THUam Out-cue: noy yet solid] TAG: Correspondent Jeremy House reporting. China’s economic activity rebounded after the ruling Communist Party in December lifted controls that cut off access to major cities […]
Audio
China’s factory, consumer activity weakens in May
( ) -q-24- UNDATED (Correspondent Jeremy House) “not yet solid.'”
China’s factory and consumer activity weakened further in May.
[CutID: <Cuts> CHINA-ECONOMY-house-q-THUam.mp3
Time: 24s
Title: CHINA-ECONOMY-house-q-THUam
Out-cue: noy yet solid]
TAG: Correspondent Jeremy House reporting. China’s economic activity rebounded after the ruling Communist Party in December lifted controls that cut off access to major cities for weeks at a time and blocked most international travel. But consumers, uneasy about the economic outlook and possible job losses, returned to shops and restaurants less quickly than expected.
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VERBATIM: Meanwhile, surging unemployment among young people in cities broke the previous month’s record as an economic rebound following the end of anti-virus controls slowed. The Chinese government reported surveys found more than a fifth of potential workers in cities aged 16-to-24 were unemployed. That’s up slightly from April. The government says the recovery is “not yet solid.”