Record-breaking figures for joblessness among young workers weaken the Chinese economy's near- and long-term prospects.
This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4 percent in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.
True, the lockdowns under the government’s zero-COVID policy were much more draconian and economically damaging than other countries’ containment po
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.