China s economy is facing multiple challenges including sluggish consumer spending, a crisis in the property market, weakening exports, record youth unemployment, and high local government debt. These issues are starting to impact the global economy, and there are concerns that China may experience a Japan-style economic malaise. President Xi Jinping s government has limited options to fix the problems, and their usual playbook of large-scale stimulus has led to oversupply and high debt.
(Bloomberg) It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back to help power global growth.Most Read from BloombergSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureSupreme Court Rejects Use of Race in University AdmissionsQatar Group Now Confident of Winning Manchester United RaceInstead,