[55378] Economic crisis in Iran and Trump's decisive diplomatic visit to China

Economic collapse and mass unemployment in Iran

According to a report by Iran International, Iran is facing a severe economic crisis following the impacts of the war and international pressures. The report cites data indicating that up to two million people could lose their jobs, while Mehdi Bastanchi, Chairman of the Coordination Council of Industrial Cities, estimates that the number could reach as high as 3.5 million people. The New York Times notes that attacks against steel and petrochemical industries, alongside supply disruptions due to the blockade of ports and initiated internet blackouts, have caused tens of millions of dollars in damages to the digital economy.

Trump in China: Business agenda at the center of focus

On the international level, the White House and the Chinese Foreign Ministry officially confirmed the visit of US President Donald Trump to China between May 13th and 15th. According to The Wall Street Journal (as reported in آخرین خبر), the talks will focus on "business" and increasing American exports to China. American officials were quoted as saying these issues might push aside burning strategic crises, such as the tensions in the Strait of Hormuz.

Highlights ahead of the summit

• Visit schedule: FarsNewsInt reports that Trump is expected to arrive in Beijing on Wednesday, with official meetings with President Xi Jinping and a visit to the "Temple of Heaven" tourist site taking place on Thursday.


• Core topics: In addition to trade agreements, Sputnik Afghanistan notes that the Iran issue, competition in the field of artificial intelligence, and the supply of strategic raw materials will also be on the agenda.


• Diplomatic preparations: آخرین خبر adds that economic teams from both countries are expected to hold a preliminary round of talks in South Korea before the American President lands.