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China’s Unemployment Rate Rises to 5.3% in August

Beijing: China's unemployment rate stood at 5.3% in August, up 0.1 percentage points month-on-month, while the broader economy maintains steady production and stable prices. The unemployment rate across 31 major cities also climbed by 0.1 percentage points from July to hit 5.3% in August.

According to Anadolu Agency, employees at enterprises nationwide worked an average of 48.2 hours per week during the month. On the industrial front, the value-added output of enterprises above a designated size grew 5.2% year-on-year in August. High-tech manufacturing showed strong performance, with its value-added output increasing 16.7% annually during the same period.

The country's total goods imports and exports saw a rapid annual increase of 19.8% in August. The consumer price index rose 0.8% year-on-year in August, while the producer price index increased 3.8%.