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© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.China's economic growth weakens amid construction slowdown
By JOE McDONALD BEIJING©2024 GPlusMedia Inc.
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ReasonandWisdomNippon
CCP will not go down without a fight if they become a failed state.
They are spending 5x more then Japan. Brand new weapons new toys.
Getting Taiwan back would be a big boost for Xi and the CCP party if the economy slows down or have other issues to cover for.
Putin after Crimea got a similar boost. I believe for Xi that boost would be even bigger since Taiwan has been made in the holy grail of achievements for the party.
Peter14
Boom turning to bust. Hang on, it is going to be a wild ride. We will see if it slides down the hill faster than it climbed it. China's brief time in the sun is over. Another failed state.
Kaerimashita
Plus they have not yet resorted to printing money to try and "support" the economy. The housing boom will bust but it won't affect huge swathes of the economy.
Desert Tortoise
China has in the neighborhood of 40-50 million new housing units sitting unoccupied, enough housing for the entire population of Germany. There is a surplus of housing available and a declining population. The real estate development and construction booms are both over. That is a very big chunk of the Chinese GDP that is going away.
Aly Rustom
Good!