US Sanctions Could Lead to Tens of Millions of Lost Jobs in ChinaUS Sanctions Could Lead to Tens of Millions of Lost Jobs in China
People attend a job fair in Shenyang, Liaoning Province, China, on Oct. 22, 2024. STR/AFP via Getty Images

US Sanctions Could Lead to Tens of Millions of Lost Jobs in China

Domestic migrant workers are returning home while job seekers struggle to secure employment, according to Chinese residents.
Updated:
China’s unemployment crisis is worsening, residents told The Epoch Times, as the country’s exporters of consumer goods lose orders from the United States.
U.S. Treasury Secretary Scott Bessent told reporters on April 29 that China could “lose 10 million jobs very quickly” if the U.S.–China tariff war doesn’t de-escalate or 5 million jobs if tariff rates are reduced.
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