China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn

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Retail sales, factory output miss expectations as overall urban unemployment rises

A prolonged slowdown in China’s real-estate sector is strangling investment and acting as a brake on growth. str/Agence France-Presse/Getty Images

SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after months of spiraling increases, depriving investors, economists and businesses of another key data point on the declining health of the world’s second-largest economy.

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