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Eurasia
24/04/2024 17:58
In March, the country's surveyed urban unemployment rate stood at 5.2 percent, with the employment situation remaining generally stable, according to the Ministry of Human Resources and Social Security.
The country set an annual target of creating more than 12 million new urban jobs for 2024. It aimed to keep the surveyed urban jobless rate at around 5.5 percent this year.
There are many aspects of the Chinese economy that are interesting. The most striking thing about the economy from a Western perspective is that while the Chinese economy is a market-based economy insofar as prices are set by the market, investment in China remains tightly controlled by the government.
The West's response to the challenge of a rising China is bloc formation, which is not in the interest of smaller countries. It would be advisable to change the sanctions regime and focus on mutually beneficial, win-win cooperation.
Malaysia's geopolitical neutrality and strategic positioning are key selling points to multinational semiconductor companies looking for investment destinations.