China’s economy is sputtering, with sales, production and investment all missing while the housing slump continues despite massive government aid.
The one bright spot — exports — is now in danger of a trade war.
The question from her is will the Chinese people put up with a… pic.twitter.com/OHlLz1AVF2
— Peter St Onge, Ph.D. (@profstonge) June 24, 2024
- The question of whether the Chinese people will tolerate a corrupt police state that fails to deliver prosperity is crucial. Economic discontent can lead to social unrest.
- China’s political landscape is complex, and public sentiment varies. Factors like censorship, surveillance, and economic conditions play a role in shaping citizens’ views.
- China’s housing market has indeed faced a slump. Data released in May 2024 showed that housing prices slumped nearly 10% since the start of the year. This decline has implications for various sectors, including home furnishing, appliances, and construction.
