Asking people in China about their Lunar New Year wishes, the talk inevitably shifts to the economy.
China’s housing bubble has popped, and the commercial property market is going through a rough patch.
China’s economy has not been recovering as fast as hoped for after the zero-COVID policy ended, partly due to a lack of confidence.
After China lifted its zero-COVID policy, economists expected the economy to come roaring back. That hasn’t quite happened.
Chinese officials have pushed for young entrepreneurs to return and revitalize the countryside, but the task is complex.
China’s job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.
Under President Xi Jinping, tech and real estate oversight has tightened, while the private tutoring sector has been flattened.
Here’s what’s behind the sobering forecast for the world’s second-largest economy.
Energy problems, supply chain woes and a shaky real estate sector are slowing down Chinese GDP growth.
More people are purchasing online but one mall in Shanghai is able to pull young consumers back into stores.
