
Here's Why China’s Economic Outlook Keeps Getting Worse
Here's Why
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Challenges in the Chinese Economy and President Xi Jinping's Approach
The chapter delves into the aftermath of the housing bubble burst in the Chinese real estate market, leading to a decrease in home prices, sales, and construction expenditure. The impact on household wealth, consumer spending, and President Xi Jinping's strategic focus on high-quality development to manage the country's debt ratio are also discussed.
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