China has stopped releasing youth unemployment data, a decision a government spokesperson said was “due to changes in the world's second largest economy and its society,” according to BBC News. The outlet also reports the country's central bank cut the cost of borrowing on Tuesday in an effort to boost growth. Concerns of China’s struggling economy are growing, which has major implications for not only Beijing, but for the world economy as well.
Scheherazade Rehman is a professor of international finance, business and international affairs at the George Washington University. Rehman is also the director of the European Union Research Center. She has advised a number of institutions including The World Bank, IMF, Central Banks, OPIC, USAID, and the U.S. State Department. Her areas of expertise include international finance, global and emerging financial markets, central banking, and the European Union.
Rehman can discuss China’s economic and financial situation as well as the impact of China’s slowing economy on the U.S. and global economy.
“We are so intrinsically entwined with this economy that we will hurt ourselves. We will disrupt all our existing supply chains, which is pretty significant,” Rehman said in a recent interview with the Washington Examiner. “We will exacerbate delays in production. … It will force companies and consumers to pay more, and not least because reallocation of production can’t happen overnight in the United States.”
If you would like to speak with Prof. Rehman, please contact GW Media Relations Specialist Cate Douglass at [email protected].
-GW-