Why the Chinese economy is in trouble and what that means for the rest of the world | Economy


Source: archynewsy.com archynewsy.com

Key Topics in this News Article:

News Snapshot:

In the 2008 crisis, China came “to the rescue” of the world. However, today the panorama is different: the Asian giant is hit by a series of dissimilar factors and decisions, which could have global consequences. While the growth of the main world economies is slowing down as a result of high inflation, exacerbated by the guerra in Ukraine, many economists expect China to come to the world’s rescue again. But the situation is very different from 2008 when the Chinese economy, then rapidly expanding with a huge stimulus unleashed by the government in Beijing, helped Western countries to recover...