China's economy is facing multiple challenges, including the recovery from the zero covid era, the ongoing conflict in Ukraine, and youth unemployment. The country is also seeing a flight of wealth as wealthy elites move their assets out of China. China is unlikely to achieve its goal of making the yuan a currency of choice internationally in the short to medium term due to capital controls.
What is China's youth unemployment rate?
What is the name of the new currency that China is developing?
What is the goal of the BRICS countries?
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