China’s Xi wants bigger global role after Saudi-Iran deal
NBCMAY 2023
China's powerhouse economy could finally be faltering, as its economic strength may be weaker than previously portrayed. After hedging their bets on a post-COVID boom that never materialized, Beijing will strain under a mountain of debt, lower demand, and a property crisis. The government has started to muzzle economists who don't toe the party line of economic success, as China attempts to maintain their façade of unmitigated growth.
China continues on a trajectory of growth, as demand for services continue to rise as pandemic recovery continues apace, even amid a faltering demand for goods. The 20-point plan unveiled by the government to shore up consumer demand is a testament to China's sober-minded thinking on the economy, as economic growth continues unabated. Reports of China's economic demise are, once again, greatly exaggerated.