China’s economy is facing major challenges

In his speech at the opening of the 20th Communist Party Congress, Chinese President Xi Jinping acknowledged that the country’s development is imbalanced, uncoordinated, and unsustainable. He said the next five years are crucial for building a “modern socialist country” and called for a shift to “high-quality” development. But experts say Xi faces a tough […]

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The economy in China continues to show weakness – the probability of a global recession remains high

As the head of state of China, Xi Jinping has a lot of trouble on his hands. The country’s economy is in trouble, with a consumer slump, real estate crisis, and trade war all putting pressure on the government. Xi has brought this on himself, through his claims to omnipotence and his absolutist political position. […]

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