Exports have slumped, growth has stalled and the economy even slipped into deflation. The youth unemployment figures have gotten so bad that the government has stopped publishing them. These figures - or their absence - reveals more than an economy struggling to grow after Covid. What they demonstrate is that China’s growth model over the past few decades has run out of steam.
China s economy is facing a downturn, with indicators like plummeting exports, a troubled property sector, and structural issues signaling the end of its high-growth era.
Country Garden Holdings defaulted and China Evergrande Group sought Chapter 15 protection to keep creditor restructuring plans on track. Is this China s Lehman Moment?
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