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Usual Tools Can't Help China to Fix Its Economy.

Authors :
DAISUKE WAKABAYASHI
FU, CLAIRE
Source :
New York Times. 9/5/2024, Vol. 173 Issue 60268, pB1-B4. 2p.
Publication Year :
2024

Abstract

The article discusses the view that China can not rely on usual tools to address its economic crisis. Topics discussed include the Chinese government's practice of borrowing money to develop projects which resulted to the growth of its debt, the weak consumer spending which is a major driver of economic growth, and the underperformance of Chinese stocks and decline in real estate prices.

Details

Language :
English
ISSN :
03624331
Volume :
173
Issue :
60268
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
179626215