News Snapshot:
[post] ] China’s post-COVID recovery has been hurt by Beijing’s crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods abates? Despite projections of 8% economic growth this year, China is struggling to bat away many economic challenges of its own making. The debt woes of the country’s biggest property developers — led by China Evergrande , which owes more than $300 billion (€266 billion) — are threatening to crash the property market. New home sales are down by a fifth. Beijing has also moved to...
