China's Youth Unemployment Crisis Threatens US Economy

China's youth unemployment rate reached a record high of 21% in May, posing a significant challenge for the country's economy and potentially impacting the US as well. The mismatch between available jobs and the preferences of Chinese youth, who are increasingly opting for service sector jobs, is hindering productivity and could strain the US economy, which heavily relies on China for goods and services. The prolonged youth unemployment crisis in China may lead to civil unrest and destabilize trade and supply chains. China's government's failure to expand jobs in the service sector and invest in unproductive sectors exacerbates the problem. The situation could result in mass emigration and a brain drain if young people cannot find productive opportunities within the country.