China's economic challenge
Business Daily

China’s economic challenge

2022-08-04
China, the so-called engine of global growth, seems to be stalling badly right now. The country is facing rising unemployment, falling factory output and a collapsing property market. Plus, a growing number of regular Chinese citizens are complaining that the country's tough anti-Covid strategy isn't working. China has faced choppy economic waters before. But with record high-levels of domestic debt, does it now have the resources to shore up the holes when firms, banks and even local governments...
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