The world’s second biggest economy is in a rut. Chinese households are spending less money, factory production is slowing and businesses are investing at a slower pace than they were last year. Unemployment among the country’s youth has jumped so much that Beijing decided to stop releasing the data. The real estate market is in a downfall with home prices dropping and a number of developers defaulting.
CNN.com – RSS Channel The world’s second biggest economy is in a rut. Chinese households are spending less money, factory production is slowing and businesses are investing at a slower pace than they were last year. Unemployment among the country’s youth has jumped so much that Beijing decided to stop releasing the data. The real estate market is in a downfall with home prices dropping and a number of developers defaulting.
Read More The world’s second biggest economy is in a rut. Chinese households are spending less money, factory production is slowing and businesses are investing at a slower pace than they were last year. Unemployment among the country’s youth has jumped so much that Beijing decided to stop releasing the data. The real estate market is in a downfall with home prices dropping and a number of developers defaulting.