But they where doing so well… Wait a second, tariffs didn’t hurt China’s exports? Oh nooooes

Makes much sense, half = 50%. They are making the tariffs half. Yes. Makes sense. definitely didn’t say they will half 145% which would be something else entirely. No not at all.

China (15.7% in 2023) is currently near the world median youth unemployment rate. The CIA world Factbook has it at 93/201. What does that mean? You have to look at more that just that figure. Do Cuba (3%) and Liberia (2.3%) have similar economies? What about Italy (28.7%) and Iran (28.8%)?

Youth unemployment is defined as the percent of 15-24 year old persons who are seeking work but can’t find it. Keep in mind 75% of youth is enrolled in tertiary education in China (World Bank) and the MoE says senior high enrollment is 91.6% in 2022 with an increasing trend.

So 15.7% of youth that can’t find jobs is only out of those not already in school/university, and of course only counting those searching.

I can’t point to the causal reason for a relative increase over previous years, but looking at increasing rates of education could explain less otherwise employed youth is getting their education, making the percent of unemployed youth greater. I’d have to look deeper at the statistics, but the point is don’t look at a headline “China has this one bad stat” and make assumptions.

@cfgaussian@lemmygrad.ml you might find the stats interesting as well given your comment.

Edit: typo

Well, Biden (more likely his advisors and entourage) did try to have some mesure of an industrial policy and preemptive measures such as the CHIPS act. Obviously they where insufficient, poorly executed, inefficient, etc. so you are right in that they dialed to make similar preparations. That said we shouldn’t discount the US, it is incompetent but still dangerous and attempting to find solutions to preserve it’s hegemony. Let’s hope it fails.

Ideally China could perfectly neutralize any nuke. But realistically, even a single nuke hitting a Chinese city would kill tens of millions in seconds. Not to mention, China would have to respond. The loss of life would be horrendous even if China had a very robust defense, the possibility of it failing and the magnitude of a single nuke getting by isn’t worth it. The US, unfortunately, has a lot of nukes.

Well, don’t tell US policy makers, they might have an aneurysm… Actually maybe tell them.

Increasingly incompetent administrations are heralding in a new multipolar world, let’s just hope they don’t resort to nukes.

It’s interesting to see just how asymmetrical the repercussions are so far. Bodes well for China.