Deepening economic woes in China are something the communist regime can no longer dismiss, and dependent countries can’t afford to ignore. Since China’s decision to end its “zero COVID” policy was announced last December, the subsequent economic downturn has hit multiple sectors. Import and export markets have slumped this year, coupled with the country’s soaring debt, underperforming industrial output, and a tanking real estate market. July data showed a significant year-on-year drop in foreign trade, with exports shrinking 14.5 percent and imports falling 12.4 percent. This is complicated by a shrinking labor force and high youth unemployment. The number of young people unable to find jobs hit a record high of 20.4 percent in April among the 16- to 24-year-old age group—spiking to 21.3 percent in June....Read more https://www.theepochtimes.com/world/chinas-economic-downfall-spells-trouble-for-latin-america-opportunity-for-us-5495211