The Asian market, in general, is in an economic slump. While the controversial stand and policies of US President Trump is partly to blame for this, the long-standing issues of poverty, corruption, calamities and many others have long been factors as to how the Asian market fares in the global market. And one of the most formidable markets in Asia is that of China. No other nation can beat China’s achievements and influence to the entire world. After all, almost everything is made in China, right? However, the market is volatile. Everybody knows that. Sometimes the market is doing well and other times it does not. China isn’t exempted from this economic trend and likewise, has its fair share of ups and downs over the years. Even though the China’s economy is the second largest the world over, certain triggers can make it crash with little warning.
If there’s anything that is holding up the Chinese economy, they owe it all to property investment and infrastructure. However, there is no assurance that they will hold up any longer if the Chinese market continues to decline any further.
(Via: http://www.reuters.com/article/us-china-economy-idUSKCN18C0FZ) China plans on reducing debt to help the economy bounce back. The Chinese government is tightening their belt in a desperate attempt to reduce financial risks and hopefully improve the Chinese market. Their goal is to drive the economy by consumer spending but it’s a long way from now. The best solution for their financial woes involves deep economic reforms to promote sustainability and boost economic growth. Although technically not in a recession, the Chinese economy has greatly slowed down over the last two years. Their economy is the second strongest in the world next to the US, so seeing them struggle is not a good sign at all. It is hard maintaining an annual growth of 10% when the economy matures like that of China, so their main focus should be directed towards needed reforms rather than push for more growth that the current economy can’t yet support. China’s Economy At A Standstill Find more on: CHRDNet from https://chrdnet.org/2017/05/30/chinas-economy-at-a-standstill/
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