US trade war has cost China almost 2 million industrial jobs, CICC research shows

//US trade war has cost China almost 2 million industrial jobs, CICC research shows

US trade war has cost China almost 2 million industrial jobs, CICC research shows

China has lost 5 million jobs in the industrial sector in the last year, including 1.8 to 1.9 million due to the trade war with the United States, a leading Chinese investment bank estimated on Wednesday.The total job losses represent 3.4 per cent of total employment in the industrial sector, which includes mining, manufacturing and public utilities, and 0.7 per cent of total national employment, said China International Capital Corporation (CICC) economists Liang Hong and Yi Huan.The decline…

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By | 2019-07-24T14:00:14+00:00 July 24th, 2019|Headlines|Comments Off on US trade war has cost China almost 2 million industrial jobs, CICC research shows