When will it end? How inexperience is fuelling the fire of China’s economic woes
==========
China's economy faces unprecedented challenges; economists state they have 'never seen anything like this'; national GDP growth is a concern; youth unemployment reached 18.8% in August 2023; combined losses for businesses like Zack Yao's equate to five years of earnings; contraction of new yuan loans in July 2023 marked the first in 19 years; previous crises were external, current issues are internal; Beijing's response has been slow and indicative of inexperience; stimulus measures announced in September 2024 include mortgage rate cuts; experts warn that restoring confidence is crucial for economic revival.
#China #Economy #Gdp #Unemployment #Stimulus #Crisis #Policy #Recovery #Business #Finance
https://www.scmp.com/economy/economic-indicators/article/3281908/depth-look-chinas-economic-crisis-and-why-inexperience-fuelling-fire
South China Morning Post /
npub1x2…knuvq
2024-10-11 22:51:46
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-10-11 22:51:46Event JSON
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"content": "When will it end? How inexperience is fuelling the fire of China’s economic woes\n==========\n\nChina's economy faces unprecedented challenges; economists state they have 'never seen anything like this'; national GDP growth is a concern; youth unemployment reached 18.8% in August 2023; combined losses for businesses like Zack Yao's equate to five years of earnings; contraction of new yuan loans in July 2023 marked the first in 19 years; previous crises were external, current issues are internal; Beijing's response has been slow and indicative of inexperience; stimulus measures announced in September 2024 include mortgage rate cuts; experts warn that restoring confidence is crucial for economic revival.\n\n#China #Economy #Gdp #Unemployment #Stimulus #Crisis #Policy #Recovery #Business #Finance\n\nhttps://www.scmp.com/economy/economic-indicators/article/3281908/depth-look-chinas-economic-crisis-and-why-inexperience-fuelling-fire",
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