Young people in China face an increasingly grim economic future

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Open this photo in gallery: Visitors pose for photos on an outdoor deck overlooking the central business district in Beijing, on June 13.Mark Schiefelbein/The Associated Press Nancy Qian is professor of managerial economics and decision sciences at Northwestern University’s Kellogg School of Management. In May, China reported that youth unemployment (among those aged 16 to 24) had reached a record-breaking 20.8 per cent, with the high-paying, high-skilled jobs that university graduates are trained for growing scarcer. Since mid-2021, hundreds of thousands of positions have been eliminated in the tech sector, owing to the COVID-19 pandemic, stringent capital and antitrust regulations,...