China's Struggling Economy and Negative Trends

China's economy has been struggling to recover from the economic shutdown, with weak consumption, retail sales, and exports. The country's property sector, which accounts for a significant portion of its GDP, is also in rough shape. Trust companies in the wealth management industry are experiencing difficulties, raising concerns of contagion from the troubled property market. Additionally, the Chinese government suspended the release of negative economic data, including youth unemployment rates, as business confidence suffers.