ZUNYI, China--(BUSINESS WIRE)--Jul 16, 2025--
On July 15 th, 2025, the "Chinese Quality Products Shared with the World" Zunyi Dialogue was held in Zunyi, Guizhou, China. This event was part of the 2025 "China's Development, An Opportunity for a Colorful World" International Exchange Week, with more than 150 participants, including diplomatic envoys from over 30 countries, experts and scholars, university faculty and students, enterprises with distinctive features, and media representatives, attended the event.
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Zunyi is famous for its tea, chili peppers, liquor, and guitars. Among them, guitars from Zheng'an have gained worldwide reputation, with one out of every seven guitars globally being produced in Zheng'an; Zunyi is also famous for Moutai, China's renowned sauce-aroma liquor. Its tea industry is represented by brands such as "Zunyi Red" and "Meitan Cuiya", with two-thirds of Meitan County's population engaged in tea production.
Known as "China’s Chili City", Zunyi is home to the country’s largest chili trading market, nicknamed the "Wall Street of Chili Peppers". Hu Guangfen, Chairwoman of Guizhou Guisanhong Food Co., Ltd., shared her entrepreneurial journey with chili peppers. At the age of 19, she left her hometown to work in a shoe factory in Dongguan, Guangzhou Province. In 1996, she quit her well-paying job in Dongguan to return home and start a business. In 2017, she invested RMB 200 million to build a new industrial park, which now achieves an annual output value exceeding RMB 100 million. Her story exemplifies how the lives of ordinary Chinese farmers have been transformed through the Reform and Opening-up.
During the dialogue session, Bakhtiyor Mirzaev, Trade-Economic Counselor of the Uzbekistan Consulate General in Guangzhou, noted that the ancient Silk Road historically began in Xi'an and passed through Tashkent and Samarkand, connecting China, Central Asia, and Europe. He mentioned that a railway linking China and Uzbekistan is currently under construction, which will facilitate bilateral trade. Ivet Nikolova, Commercial Counsellor of the Bulgarian General Consulate in Shanghai, highlighted Bulgaria’s strategic position within Europe and its long-standing tradition of fruit wine consumption. She expressed hope for deeper integration between Chinese industries and Bulgarian culture to strengthen China-EU connectivity.
Over the next three days, guests from various countries will visit local sites to experience firsthand the essence of "Chinese Quality Products Shared with the World".
An expert and a diplomatic envoy exchange views at the session "Chinese Quality Products Shared with the World."
WASHINGTON (AP) — America’s employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
Hiring was better than the 65,000 forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a low 4.3%.
The Iran war has caused the biggest disruption of global oil supplies in history and sent average U.S. gasoline prices surging past $4.50 a gallon this week. But the conflict hasn’t done much damage to the American job market so far.
Healthcare added 37,000 jobs last month and transportation and warehousing companies 30,000. However, manufacturers cut 2,000 jobs in April and have shed 66,000 jobs over the past year despite President Donald Trump’s protectionist policies aimed at creating factory jobs.
Labor Department revisions shaved 16,000 jobs from February and March payrolls.
Average hourly earnings rose 0.2% from March and 3.6% from April 2025, consistent with the Federal Reserve’s 2% inflation target.
The number of people in the U.S. labor force dropped last month, and the share of those working or looking for work — the so-called labor force participation rate — dropped to 61.8%, lowest since October 2021.
Baby Boomer retirements and Trump’s immigration crackdown mean that fewer people are competing for work and that the economy doesn’t need to generate as many jobs as it used to.
Matthew Martin of Oxford Economics says the so-called break-even point — the number of new jobs required each month to keep the unemployment rate from rising — is now near zero. The jobless rate is expected, in fact, to have remained at a low 4.3% in April, according to FactSet.
After the U.S. and Israel launched their attacks Feb. 28, Iran shut down the Strait of Hormuz, through which about a fifth of the world’s oil and liquefied natural gas passes. The disruption has caused a painful increase in the price of energy and led many economists to downgrade their estimates for global and U.S. economic growth.
But the fallout isn’t showing up yet in the U.S. job market.
Payroll processor ADP reported Wednesday that private employers added a solid 109,000 jobs in April. The ADP figure isn't a reliable guide to what the Labor Department will report Friday – but the pace of hiring it showed was the fastest since January 2025. And on Tuesday the Labor Department reported that a measure of gross hiring – before subtracting those who left or lost their jobs – was stronger in March than it had been in more than two years.
The economy is getting a boost from big tax refund checks this spring, arising from Trump’s tax cut legislation last year; the refunds allow consumers to spend more freely, giving companies an incentive to add workers in response to rising sales.
The job market is showing intermittent signs of recovery after a bleak 2025. Employers last year created just 9,700 jobs a month, fewest outside a recession year since 2002. High interest rates and uncertainty over Trump’s economic policies held back hiring.
There's been progress this year, but it's been uneven — strong growth (160,000 new jobs) in January, March (185,000) and April's 115,000 and one bad month (employers cut 156,000 jobs in February).
U.S. hiring, though, has been dominated by one industry: Healthcare companies, catering to an aging American population, have added 456,000 jobs over the past year; other employers have combined to cut 205,000 over the 12 months that ended in April.
Still, Heather Long, chief economist at Navy Federal Credit Union, noted that last month's job gains extended beyond healthcare. Retailers, for example, added 22,000 jobs and construction companies 9,000.
“America’s hiring recession appears to be over,'' she wrote. "Average job gains in 2025 were an anemic 10,000 a month. So far in 2026, the average is 76,000. The bad news is inflation is eating up wage gains again. Wages grew at 3.6%. That certainly won’t be enough at a time when inflation is expected to hit 4%. Americans still have jobs, but they are financially squeezed by surging gas prices and transportation costs.”
The strong hiring data lands as U.S. corporations post solid quarterly performances to start the year.
FILE - Hiring sign for sales professionals is displayed at a store, in Vernon Hills, Ill., Wednesday, April 15, 2026. (AP Photo/Nam Y. Huh, file)
FILE - The per-gallon price is displayed elecronically over the grades of gasoline available at a Buc-ee's convenience stop Thursday, May 7, 2026, in Johnstown, Colo. (AP Photo/David Zalubowski, file)
FILE - A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. (AP Photo/Marta Lavandier, File)
