Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China

President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to “check in” and responsibly manage the strained U.S.-China relationship. “Intense competition requires intense diplomacy to manage tensions, address misperceptions and prevent unintended conflict,” a senior administration official said … Read more

China’s city youth unemployment disaster

China is dealing with a rising record of issues — actual property, semiconductor bans and labor market gyrations. The world’s second-most populous nation additionally has a significant youth unemployment downside. China’s city youth unemployment price has risen to 21% as of Could 2023, up from 15.4% two years earlier. “Let’s not overlook in regards to … Read more