China Economic Crisis, China is sinking into its own ditch, figures are telling this, know where Xi Jinping made mistake – reason behind china economic crisis, how xi jinping policy is responsible
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Understand the deteriorating situation of China from these 6 points
1. China is a victim of huge deflation. After Kovid, where inflation is at its peak in countries around the world, the situation is opposite in China. The prices of things in China are getting cheaper instead of increasing. The Chinese economy is in deflation mode. People’s purchasing power and demand is decreasing, which is not good for the health of the economy.
2. Unemployment is at its peak in China. Here the unemployment level has reached 21 percent. The youth are not getting jobs. The situation is such that now the Chinese government has stopped releasing statistics related to employment.
Real Estate Dhadam
3. China’s real estate is the biggest strength of its economy, but since Kovid, the condition of real estate there has deteriorated. Projects of real estate companies are stuck due to lack of home buyers. Houses are not selling and the debt burden on companies is increasing. China has invested in real estate for rapid development, but now buyers are not available. The situation is such that many cities in China have become ghost cities.
4. The Chinese currency Yuan has reached its lowest level in the last 16 years. In the last one year, the yuan has lost 7 percent against the dollar. The situation has become such that the people of China are increasing their investment in Hong Kong.
unemployment at its peak
5. Due to unemployment and decreasing purchasing power of the people in China, its economic growth has suffered a major setback. While China’s growth is falling, the debt is increasing. The debt burden on China has reached 300% of its GDP.
6. Seeing the condition of China, foreign companies are also turning away from it. Considering China responsible for the Corona epidemic, the companies started boycotting it and started moving out of China. China’s economy has suffered a major setback. But the question is who is responsible for this condition of China. If you look at the figures, you will find that China itself is largely responsible for its situation.
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