This chapter analyzes the current economic crisis in China, discussing key issues such as deflation, high youth unemployment, and the housing crisis. It explores the government's efforts to conceal the severity of the situation and resort to emergency rate cuts, as well as factors contributing to the crisis like the collapse of the real estate market and crackdown on the tech sector.
In today's episode for 18th August 2023, we explain why the Chinese economy is currently going through a massive economic crisis.