Posted on Aug 16, 2023
China's economic woes keep getting worse. Here's why
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Posted 9 mo ago
Responses: 2
It's complicated, but contributing factors to China's economic woes include government control and corruption. Along with restrictive COVID lockdowns, the government still has inefficient and unprofitable state-owned businesses that it does not want to sell off. The Chinese real estate system is a mess with previously building unwanted "ghost cities" and private companies taking money for homes while not completing them.
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