5min chapter

Business Daily cover image

China's economic challenge

Business Daily

CHAPTER

Introduction

A sharp slowdown in the world's second largest economy could be a major headache for the ruling communist party. The latest figures show that factory output is still contracting across the whole country. Youth unemployment in china is almost 20 per cent. And one of the problems we've seen in other countries as well, is that more graduates can't find work or their income expectations are too high. Everything seems to be hitting the chinese economy at once - from collapse in demand for foreign exports to rising fuel prices.

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