China’s ‘Lost Decade’ Is Even Worse Than You Think
ForbesAPR 2022
Despite external challenges, China's economy has performed remarkably well this year. It has grown significantly faster than that of the world's major developed economies, demonstrating the strong resilience of its economic development. China has shaken off the impact of the epidemic and has returned to normal growth. China's economy remains strong as indicated by numerous economic indicators.
China's economy grew at a much slower pace than forecast in Q2, and its recovery from its recent lockdown is slower than anticipated. The world is looking at what measures of stimuli China's politburo will take later this month to address the many problems ahead. The record youth jobless rate and down-trending property sector are real causes for concern.