Vincent Kolo

China’s real unemployment rate is 10.2% according to a top Chinese economist. That’s double the official rate—currently just 5%—claimed by the CCP regime. A rate of 10% adds up to around 48 million people out of work—more than the entire population of Spain or Argentina. Furthermore, even this does not capture the true level of unemployment in China, because the rural unemployed are in practice never counted.

100 minutes was all that was needed for the two “strongmen” heads of the world’s main superpowers to agree a one-year truce in their long-running trade war. The surprisingly brief and therefore light-on-substance meeting in South Korea between Presidents Trump and Xi nevertheless revealed a great deal about US-China relations and the deep crisis of global capitalism. This meeting was an on-again off-again affair, much like the wider trade and geopolitical conflict between the two sides.

Looking behind the uneasy truce in the US-China trade war 100 minutes was all that was needed for the two “strongmen” heads of the world’s main superpowers to agree a one-year truce in their long-running trade war. The surprisingly brief and therefore light-on-substance meeting in South Korea between Presidents Trump and Xi nevertheless revealed a great deal about US-China relations and the deep crisis of global capitalism.