With graduation less than a month away, many college students in China are still scrambling to find a job. At a free live-stream webinar by a jobseeker training company in mid-June, many of the 800 participants—primarily unemployed 2023 and 2022 graduates—logged eager comments to claim free templates for resumes. “Many of my trainees told me…

Commentary For years the world stood in awe at the number of science and engineering degrees earned at Chinese universities. Now it seems China cannot find meaningful work for these graduates. Youth unemployment has gone off the charts. Matters are so severe that it threatens the economy’s growth potential, even the social contract between the…

Commentary “It’s the journey, not the destination, that matters,” goes the old saying with regard to life. Perhaps so. But when it comes to the fate of America’s financial and economic system, the destination is ultimately the only thing that matters. In fact, the journey on which we now find ourselves is actually a preview…

News Analysis The debt crisis of China’s state-owned enterprises (SOEs) has been deepening since 2020. Beijing has recently issued a report to address the issue as several SOEs have defaulted on loans in recent months. The State Council of China recently issued the report “The Guideline on Enhancing Debt Risk Control of Local State-owned Enterprises”…