China resumed the release of its youth jobless rate on Wednesday. The jobless rate for the 16 to 24 age group stood at 14.9% in December, according to the National Bureau of Statistics (NBS), who said the adjusted figure does not include students. “[The revised number] will more accurately reflect the employment and unemployment status of the youth who are in need of a job after graduation, and the whole picture of employment and unemployment of the youth from their graduation to stable work,” the NBS said.
- Date Posted:
- January 16, 2024
Grant Shapps, the UK’s defence secretary warned that the world had moved to a “prewar” phase as he called on allies to lift defence spending to meet the rising threat. “The era of peace dividend is over...In five years’ time, we could be looking at multiple theatres [of conflict] involving Russia, China, Iran, North Korea. Looking at today’s conflicts across the world, is it more likely that the number grows or reduces? I suspect we all know the answer — it’s likely to grow.” Shapps said Britain was spending more than £50bn a year — or just over 2% of GDP — on defence, and had increased funds to modernise the UK’s nuclear deterrent and replenish stockpiles of weapons supplied as military aid to Ukraine. However, he made no calls for extra UK spending on defence, other than to reiterate that it was the government’s “aspiration” to spend 2.5% of GDP on defence as economic conditions allowed.