In 2023, the Chinese economy showed signs of faltering as various issues came home to roost.
This all flew in the face of what was meant to be an upbeat post-pandemic period for the world’s No. 2 economy.
There was an expectation that China, which implemented some of the harshest pandemic controls in the world, would swing into growth mode, but instead its economy has been roiled by a spiraling real estate crisis, falling consumer confidence, deflation, soaring youth unemployment and the disappearance of foreign investment.
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