China’s economy is on the decline, but why?

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

Xi Jinping, the leader of the People’s Republic of China, is heading toward his third term this year. And his term will likely begin with further economic issues that have already been plaguing the country due to its strict Covid-19 lockdown policies. Approximately 247 million people in China have been negatively affected by these lockdowns. And in a staggering statistic, Shanghai (a city with a population of 25 million) sold zero automobiles during the month of April 2022 during one of these widespread lockdowns.

With an unemployment rate of almost 20% among adults ages 16 through 24, the economic situation is growing worse by the month.

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Jennifer Joslyn
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