China Economy Crisis: Xi Jinping is the reason for the destruction, Dragon trapped in trouble due to bad decisions

India’s adversary China is passing through economic weakness these days. China’s economic condition is not hidden from anyone. Recession is also going to spread here soon. There is an unprecedented decline in the state, property and education sector. The unemployment rate across China is at an all-time high. At the same time, China, which has registered its strong presence in the global economy for the last 40 years, is now trying to save its economy from sinking.

It is also believed that the situation in China itself can be like that of the former Soviet Union i.e. present day Russia. These speculations are being made only after seeing the way China’s economy has become sluggish.

Chinese economy slows down
This time is very difficult for China. The biggest reason behind this is that China’s economy is growing very slowly. Amidst the difficult situation in China, various speculations have been made by economic experts around the world. Meanwhile, experts of the global economy have informed that if the recession hits China completely, it will take many years for China to recover from it. Significantly, during the forty years from 1980 to 2020, China’s economy has grown rapidly, which has been witnessed by the whole world.

During this period, agricultural reforms took place in China along with the growth of China’s economy. Industrialization increased. At the same time, the income of the people has also increased, due to which crores of people of China have come out of the poverty line. If we look at the current situation, then the economy of China can see a decline of up to 25 percent.

These days property prices in China are continuously falling down. Everywhere consumer spending, investment and exports have decreased. This year, in the second quarter of 2023, the Chinese economy is growing at an annual rate of 3.2%, while the growth rate of the US economy is estimated to be 6%. These figures clearly show that China’s economy is lagging behind that of America. China was engaged in a trade war with America for a long time, the effect of which is now visible.

According to the report of ‘The Economist’, Xi Jinping is responsible for the condition of China. Due to the expansionist policies of Xi Jinping, who is in power, trapping small and poor countries in the debt trap, China’s economy is now moving towards sinking. Although Xi Jinping is constantly trying to hide China’s situation from the world. Xi Jinping has not spoken about China’s economy even in the BRICS summit, which is raising many doubts.