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Challenges of China's Economy
This chapter explores the significant struggles faced by China's economy, particularly the real estate sector's downturn influenced by regulatory changes and consumer hesitance. It analyzes the political constraints affecting the central bank's autonomy and its cautious approach to economic stimulus, contrasting it with more aggressive measures in other nations. Additionally, it discusses the government's mixed signals on economic growth, the limitations of traditional stimulus methods, and potential alternative strategies to boost the economy amid ongoing challenges.