Data also shows the severe unemployment issue in Shenzhen, a first-tier city in China. Recent data indicates that in the first quarter of this year, over 40,000 new unemployment registrations were recorded in Shenzhen, a historical high, marking a 15% increase from the previous quarter and a 40% rise compared to the same period last year.
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China Faces Vast Unemployment: Depleted Funds Lead to Benefit Recalls
