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Summary What's wrong with the chinese economy?
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China is going through a series of crises, and it's not 1 or 2 but 3 crises occurring together, which are the real estate crisis, the banking crisis and now a credit crisis!!! Five banks have already crashed, Small and medium-sized companies (SMEs) that make up a large part of the manufacturing and industrial sectors and contribute around 60% of GDP are struggling for cash, and the Chinese economy in general hit meagre 2.99% per cent growth in the fy2022!!! The question is, In spite of such an incredible rise, why is China slowing down now? What was the governance mistake that snowballed them into both a real estate and a banking crisis?
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- Uploaded on
- June 22, 2023
- Number of pages
- 4
- Written in
- 2022/2023
- Type
- Summary
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