China's National Bureau of Statistics (NBS) released unemployment rate statistics by age group for June. The unemployment rate of the country for the 16-24 age group in urban areas, excluding students, was 14.5%, down 0.4 ppts from May. Notably, the unemployment rates for the 16-24 age group in urban areas, excluding students, declined for four consecutive months.Related NewsOutstanding Loan Growth YoY for June in China is 7.1%, unchanged from its last period. The forecast was 7%.