China economic troubles will have global consequences
#10

(09-12-2023, 07:51 PM)webinarian Wrote:  Don't keep posting such propaganda from the west. 

China had a 5.4% growth of GDP for the first 3 quarters of 2023 according to World Bank.

US had hardly 2% GDP growth. 

Facts speak for itself.

.

First of all it has nothing to do with the west because China economic problems are self inflicted from the oversupply kf housing leading to collapse of giant developers like Evergrande and Cojntey Garden. The falling housing price affects the middle.class wealth which is mostly tied up in housing.

China is a developing country so needs to maintain higher than 5% growth to prevent high unemployment and for the economy to be able to service its debt.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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