Posted 2/19/2024, 5:00:13 PM
China's Economy Falters as Markets Slump, Real Estate Struggles, and Confidence in Xi's Policies Declines
- Chinese stock market has declined by $7 trillion since 2021 peak, prompting government action
- Real estate sector facing major challenges - defaults, slowing sales, financial instability
- Broader economic recovery falling short of expectations amid COVID policy shifts
- Investor confidence dropping due to centralized policy approach under Xi
- Beijing strategizing ways to find new drivers of growth as traditional engines sputter
