Tuesday, June 20, 2023

No women, no jobs, no hope?-----Better ties with the U.S. may be about one thing: China's struggling economy

Better ties with the U.S. may be about one thing: China's struggling economy 
"HONG KONG...in China this week’s biggest news was a struggling economy rather than superpower relations.
A batch of disappointing data — headlined by record-breaking youth unemployment — suggested that an economic rebound prompted by the lifting of strict “zero-Covid” restrictions has lost momentum and left the country to confront long-term issues.
Youth unemployment is a growing headache for China, the world’s second-largest economy. 
The jobless rate among people between the ages of 16 and 24 was a record 20.8% in May, official data showed Thursday, up from 20.4% in April...

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