China's Economy Struggles Amid Evergrande Debt Crisis, Slowing Growth, and Investor Jitters
- Chinese property developer Evergrande ordered to liquidate by Hong Kong judge due to $300 billion debt crisis
- China's economy grew just 5.2% in 2022, missing growth targets
- Deflation taking hold with falling consumer prices for months
- Foreign investment drying up amid Xi Jinping's iron fist policies
- Stock markets plunging, with benchmark indexes down 5-8% already in 2023