Posted 1/23/2024, 3:00:11 PM
China's Economy at a Crossroads as Leadership Confronts Market Slump, Debt Crisis, and Consumer Angst
- China's economy facing turbulence - stock market slump, property crisis, consumer worries
- Policymakers "caught between rock and hard place" on stimulus measures
- China still relies heavily on infrastructure spending, but model looks unsustainable
- Beijing tightening control over economy to direct funds to "real" economy
- China must manage expectations and act "promptly and decisively" on new measures