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Macrovoices From Turku: 7. China’s Economy in Trouble
The continuing Covid-zero policies and the housing market crisis are only the tip of the iceberg when pinpointing the downturn of the Chinese economy. Not to mention the reliability of the reported numbers, as well as the political agenda going forward. Since China is the second largest economy and an important driver for both production and demand, the slowdown has a large impact on the rest of the world’s economical outlook.