Peter Lewis: Asia business correspondent discusses unemployment rates in China - Heather du Plessis-Allan Drive

China’s hotels are taking a hit, as a struggling economy hurts domestic spending.  

China’s economy has been in decline for the past 4 years, and now budget hotels are having to slash their prices despite being full. 

Asia business correspondent Peter Lewis told Heather duPlessis-Allan that this is partly due to unemployment rates, with 1 in 5 Chinese people under the age of 24 being unemployed. 

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