China’s exports slumped more than 8 percent in June, and the youth jobless rate climbed to a record high of 21 percent. Declining consumer confidence and a downturn in the real estate sector are the main drivers. In addition, Beijing’s tighter political controls on business, export bans from the West, and fears of a possible invasion of Taiwan are putting pressure on the Chinese economy. NTD spoke to economist and China analyst Antonio Graceffo to find out more.
China’s ‘Ticking Time Bomb’ Real Estate Sector Crushing Economy: Analyst
By Evelyn Li