Posted 3/9/2024, 5:20:24 PM
China Struggles with Slowing Economy, Unemployment
- China facing economic challenges including high youth unemployment, property sector crisis, and slowing export demand
- Officials acknowledge employment pressure has not lessened, with structural issues to address
- Stabilizing property market remains difficult, though bankruptcy and restructuring measures underway
- Growth target of 5% set for 2024, but labeled ambitious given economic headwinds
- Investors calling for greater government action to shore up flagging economy