INTERNATIONAL DESK: China’s economy faced many challenges in 2023, such as fiscal deficits, real estate defaults, financial closures, and export decline. These affected the citizens’ welfare, causing lower property values, higher unemployment, and less spending. The situation did not improve, and more defaults were feared. However, at the Davos Forum, Chinese Premier Le Qiang claimed … Continue reading Stricter control measures in 2024 intensifies economic storm in China