US and Asian Executives Converge on San Francisco for APEC Summit

US and Asian Executives Converge on San Francisco for APEC Summit

Business

Executives from leading multinational corporations are attending the APEC summit in San Francisco to tackle trade challenges and improve US-China relations. Companies are eager to maintain access to the Chinese market amidst regulatory changes. High-profile executives, including those from Microsoft, Citigroup, Exxon Mobil, Tesla, and SpaceX, are attending the summit to discuss concerns and ambitions. Possible signs of thawing relations include the potential unveiling of a purchase agreement by China for Boeing’s 737 Max jetliner. Discussions will cover AI, access to the Chinese market, and the risks and rewards of operating in China.

Rising Youth Unemployment in China Threatens Economy and International Relations

Rising Youth Unemployment in China Threatens Economy and International Relations

Business

The rising youth unemployment rate in China, reaching a record high of 21%, poses significant challenges for the country’s economy and could have implications for the global economy. A major mismatch between job openings and the career aspirations of Chinese youth is contributing to the problem. This issue could strain the US economy, as it heavily relies on China for goods and services. Furthermore, a prolonged youth unemployment crisis in China could lead to civil unrest, political issues, and destabilize trade and supply chains. It is crucial for the Chinese government to take immediate action to address this crisis and secure the country’s economic future.