China Economy Struggles Amid Housing Crisis and Debt

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A Glance of China 行摄中国

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Jerome Cody

·3 years ago
shared a link post in group #A Glance of China 行摄中国
Don’t see how consumer spending recovers while housing market is in this state, record youth unemployment and towering local government debt. You can throw money on people but if they are not confident, they will not spend. China could be headed for a Japan-style malaise after 30 years of unprecedented economic growth. https://www.nytimes.com/2.. #A Glance of China 行摄中国
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www.nytimes.com

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