Beijing Makes a Push To Keep China Working at All Costs
Jun 7, 2019 | 06:19 GMT
- Extended and possibly greater tariffs on China will increase the country's employment stress in the low-end manufacturing sector, adding further stress to a labor market already dealing with financial and tech sector job losses.
- An expanded services sector and rural development have helped buffer low-end job losses, but as the exports and services sectors struggle, the risk of expanded unemployment will grow.
- As it prepares for an enduring trade war, the Chinese government will expand stimulus measures in the coming months, even at the expense of increasing long-term risk.