China's Economy Facing Challenges

China's economy is experiencing a slowdown, with decelerating growth, falling exports, and a struggling property market. The government's efforts to reduce risk in the property sector have negatively impacted growth, leading to decreased consumer confidence and reduced spending. Additionally, China's reliance on the property market and exports as growth engines has created vulnerabilities. Young people are facing high unemployment rates, causing concerns about the social contract in China. Despite government efforts, the target of 5% economic growth may not be achieved, leading to worries about the future of China's economy.