Posted 3/12/2024, 9:00:00 PM
China Faces Economic Headwinds as NPC Reveals Cautious Approach
- China facing familiar economic challenges like weak consumption, youth unemployment, and huge local government debts as growth slows
- Beijing cautious about stimulating economy to avoid reinflating property bubble
- National People's Congress (NPC) had little suspense or surprises
- NPC spokesman canceled traditional final press conference due to lack of new information
- Article speculates China's leadership avoiding unscripted situations that could reveal economic concerns
