China’s economy is in desperate need of rescue

China's economy is in desperate need of rescue as it faces challenges in trade, property sector, and low consumer confidence, hindering spending and growth.

August 27, 2023 . 1:16 PM

1 min read

China's economy is facing challenges with falling consumer prices, shrinking trade, and a struggling property sector.
The country lacks a ruler with economic credibility to revive confidence and stimulate spending.
China's pursuit of other goals, such as breaking the West's technological chokehold, is competing with economic prosperity.
Growth has slowed, prices and currency have declined, and trillions of dollars could be wiped off China's GDP.
China's economy may be suffering from 'long covid' due to lockdowns, regulatory crackdowns, and low consumer confidence.