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/2023/06/19/business/economy/china-economy-stimulus.html #A Glance of China 行摄中国

Jerome Cody

2 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.

nytimes.com/2023/06/19/bu..
#A Glance of China 行摄中国

www.nytimes.com

China’s Rebound Hits a Wall, and There Is ‘No Quick Fix’ to Revive It

When China suddenly dismantled its lockdowns and other Covid precautions last December, officials in Beijing and many investors expected the economy to spring back to life. It has not worked out that