2min chapter

Fareed Zakaria GPS cover image

Drone Warfare in Ukraine; China's economy in trouble; Europe's migration tensions; Jake Tapper on his new novel

Fareed Zakaria GPS

CHAPTER

The Decline of Private Companies in China

Chinese families and Chinese consumers have become very much financially strained. Private companies are not doing well, they're not hiring as much. Foreign businesses have also reduced investment in China. A lot of people in China have seen their income levels decline,. But at the same time, they have taken the kind of debt to buy houses or cars.

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