Challenges in China's Economic Growth

China's economic growth is facing challenges with sluggish recovery post-pandemic. Factors like declining property prices, weak consumer spending due to subdued consumption, and the ongoing real estate slump contribute to the economic slowdown. President Xi Jinping emphasizes high-quality development to address the debt-driven growth and tackle the housing bubble fallout. The focus on reducing debt and promoting sustainable economic growth reflects the country's long-term economic strategy amidst the current economic challenges.