China’s economy is going through some of the same growing pains that Japan once experienced: lower consumer spending, overbuilding on homes and offices, local government debt that runs into the trillions of dollars, and high unemployment among young people. The run of impressive growth rates seems to be over; it’s now hovering around three percent. More

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Mel Gurtov | radiofree.asia (2024-04-30T08:27:34+00:00) » China’s Faltering Economy and Its Implications. Retrieved from https://radiofree.asia/2023/07/25/chinas-faltering-economy-and-its-implications/.

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» China’s Faltering Economy and Its Implications | Mel Gurtov | radiofree.asia | https://radiofree.asia/2023/07/25/chinas-faltering-economy-and-its-implications/ | 2024-04-30T08:27:34+00:00

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