Posted 2/22/2024, 7:29:01 PM
China's Slowing Economy Faces Mounting Headwinds as Leadership Confronts Global Uncertainties
- China's economy faces multiple challenges - property market distress, deflation, stock market volatility
- Growth forecasts downgraded amid declining manufacturing activity and demand
- Comparisons made to 2008 US financial crisis due to debt-reliance in real estate
- Leadership optimistic despite mixed data and predictions
- Implications for China's economy have global impact, including on US trade and markets