China is presently in turmoil. All the numbers coming out of China are just bogus. There is no accurate measurement of the present Chinese economy. The entities that do the data collection are broke
All over the country there is major cessation of manufacturing as companies have closed their doors leaving workers not only un employed but unpaid. The total unemployment is s great is can’t be measured.
Xi is transitioning from a semicapitalist economy to a completely CCP managed economy. The existing economy presently has to be destroyed before his vision can replace what was.
China’s version of “Build Back Better”.
Yes, this is the case.
The chicom’s economic malaise has been largely ignored for the past year...
In addition to disastrous economic conditions, the disastrous floods have had a crippling effect on both life and the economy...
In addition, in some respects, Vietnam has become a huge economic success at the expense of the chicom economy...