Commentary A recent Chinese state media report once again recognized the Chinese market is facing pressure due to weak consumer spending and high unemployment. The last time the Chinese Communist Party (CCP) mentioned the weakened market was in December 2021, when Party leader Xi Jinping presided over an annual central economic work conference in Beijing. But each time the economy is mentioned, the regime’s mouthpiece would conceal reality by touting that the “sound momentum of the Chinese economy” has maintained “a high quality economic development in the world under the unified leadership of the Party.” What Is the Actual Unemployment Rate? A recent official report on employment inadvertently revealed the true situation of the job market. On March 3, Beijing released its 2021 work report on achieving economic goals, touting employment. “In 2021, 12.69 million new urban jobs were created, meeting 115% of the target,” the report reads. That means the actual …