China’s economy maintained stable growth for the first half of the year, with its gross domestic product at 5%. Beijing plans to boost consumption to further improve its economic recovery. 

Meanwhile, job growth in the United States slowed much more than expected in July and unemployment rose to 4.3% , its highest level since 2021. The data from the U.S. Labor Department rattled investors on Wall Street and raised concerns of a possible recession. 

Joining the discussion: 

• Yan Liang is a Chair Professor of Economics at Willamette University.
• Anthony Chan is a former Chief Economist for JPMorgan Chase and Company.
• Nicholas Economides is a Professor of Economics with the Stern School of Business at New York University.
• John Gong is a Professor of Economics at the University of International Business and Economics in Beijing.