China's economy is in trouble - and its youth unemployment crisis is at the heart of the problem

• China's youth unemployment problem is the root of its economic woes, according to economist Nancy Qian.
• Unemployment among workers aged 16-24 hit a record 21% last quarter.
• That's largely due to a shortage of high-skill, high-paying jobs, which will weigh on its economy.

China's economy is in crisis – and the nation's youth unemployment problem could be at the root of its current troubles, according to Northwestern University economist Nancy Qian.