China In Context
China In Context
SOAS China Institute
China's Economic Challenges — Consumption Slump and Soaring Local Government Debt
51 minutes Posted Feb 20, 2025 at 4:00 pm.
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With the US imposing new tariffs on Chinese exports, the state of the country’s domestic economy has become all the more crucial. Despite healthy export growth in recent years, at home consumer confidence has plummeted, with rising youth unemployment and a slump in the once booming housing market. Will recent government steps to reassure consumers and entrepreneurs and stimulate property sales be enough to revive the economy? Or does soaring local government debt mean more creative solutions ...