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China in "damage control mode" over faltering economy, analysts say (www.newsweek.com)

submitted 9 months ago by 0x815@feddit.de to c/news@beehaw.org

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Cross-posted from: https://feddit.de/post/7986685

The second-largest economy in the world has weakened in the past few years, due to high debt, an aging workforce, slower internal demand, and an ongoing crisis in the real estate sector—the force that had driven much of its explosive growth in the last few decades. These factors were compounded by the COVID-19 pandemic, with the country imposing drastic measures including its zero-COVID policy which lasted until December 2022.

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[–] andrewrgross 2 points 9 months ago

I think your assessment is right on. It's just that this all sounds like an obvious Ponzi scheme. If success is based on endless unsustainable spending and growth, eventually the bubble pops. Plan better.