Reported 2 days ago
The imposition of 145% tariffs by the US on Chinese goods is impacting millions of Chinese workers, with estimates suggesting over 20 million may be at risk. As the country grapples with a slowdown and a struggling job market exacerbated by salary cuts and layoffs, the economic outlook remains uncertain. Despite some signs of growth, the labor market's chronic weakness poses a significant hurdle for China's leadership, which aims to boost domestic consumption and create over 12 million urban jobs by 2025.
Source: YAHOO