China's economic crisis deepens

By Editorji News Desk
Published on | Aug 21, 2023

China's economic slowdown

China's economy faces a worsening economic slowdown amid rising unemployment, trade tensions & pandemic related repurcussions.

Youth unemployment on the rise

Data shows 21.3% of youth aged 16 to 24 are jobless. China has reportedly suspended youth unemployment data after record high

China’s real estate crisis

Developers are facing the impact of a crackdown on high reliance on debt. Evergrande, a top Chinese developer, filed for bankruptcy

China's trade tensions

China’s zero covid policy led to severe repercussions for its import-export industry.

China cuts interest rates

China's central bank has cut key interest rates to spur economic activity, encourage borrowing, investments, and consumer spending