A Chinese grocery store s job ad targeting only those aged 18 to 30 sparks online debate on age discrimination and job scarcity, reflecting nationwide concerns about high youth unemployment and challenges for those over 30. With looming workforce expansion and aging demographics, discussions intensify over retirement age and fair employment policies.
China s leaders are under significant pressure to make bold policy decisions to safeguard the economy s long-term growth potential ahead of the annual meeting of China s parliament. The country faces challenges such as slowing growth, deflation, and a property market slump. Unlike in 2015, China s policy options are limited due to a spent ammunition of devaluation, tightening capital accounts, and slashed interest rates.
China s financial watchdogs, as reported in the official newspaper, have pledged to continue enforcing adherence to Communist Party values and ensuring the financial sector serves the economy without taking "excessive" and "reckless" risks. Emphasizing President Xi Jinping s dissatisfaction with the financial sector, the party s financial policy body and ideology taskforce called for strict supervision and urged market players to avoid reckless actions.
This book discusses the economic woes and international backlash faced by Chairman Xi Jinping. It highlights Xi s success in sidelining factions in the Chinese Communist Party and the enemies he has made. The article also mentions the recent disappearances and expulsions of state ministers and top leaders of the People s Liberation Army Rocket Force. It discusses the impact of these events on Xi s ability to manage high-level personnel.
China s exports and imports grew slightly in December, despite deflationary pressures, according to official data. Exports rose by 2.3% to $303.6 billion, while imports rose by 0.2% to $228.2 billion. China s total trade surplus for December was $75.3 billion, up 10.1% from $68.3 billion in November. However, sluggish external demand remains the main constraint, with factors like protectionism and unilateralism also impacting exports.