Bloomberg Wall Street Week - May 19th, 2023
Wall Street Week
00:00
China's Economy Is Slowing Down
President Xi Jinping has been worried about the economy. He's still sending out policy enforcement teams to ensure that mayors and governors are implementing policies he dictated from Beijing. Young unemployment is at an all-time high at about 20 percent. Right now, exports are really what's driving the Chinese economy; we see weakness in those markets.
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