China’s Economic Woes

The slowdown of the Chinese economy is spreading to the housing market (1), manufacturing (2), real estate development (3) and affecting international shipping rates (4) leading to fears of a global slowdown (5).

Chinese business have also been affected (6) with some industry-leading firms expecting mass layoffs (7) (8), creating difficulties for young graduates to find work (9) despite the fact that more young people are expected to return from overseas (10).

The complications have resulted in a massive liquidity injection (11) and a reevaluation of GDP projections for 2019 (12).

China has responded internally to the economic troubles in two major ways. 1) asserting more control over their population can be a way to “keep the peace” through troublesome times (13). 2) Adjust the legal system to reap a quick buck from taxing the uber-wealthy (14) and prevent capital flight (15).

Neither method would lead one to assume the state has a solid plan for getting the country out of the impending stagnation (16), especially considering the careless way in which its youth’s debt-fueled (17) splurge without worry for the future (18).


 

References

  1. China's economy is slowing, and it's taking Hong Kong's once-booming housing market down with it

  2. Chinese Manufacturing Remains In Contraction To Start 2019

  3. $1 Billion China-Financed LA Skyscraper Complex Mysteriously Halts Construction

  4. Ocean Shipping Rates Plunge: Just A Blip Or The End Of Globalization?

  5. Global Economy Flashes Red As China Shipping Rates Collapse

  6. More Alarm Bells As 440 Chinese Companies Issue Profit Warnings In One Day

  7. Briefing: Huawei to lay off employees and cut costs as economy slows

  8. China ride-hailing giant Didi to lay off 15 percent staff this year

  9. Chinese Graduates Cannot Find Jobs In Slowing Economy

  10. Number of student returnees on the rise: report

  11. China Injects Gargantuan 1.1 Trillion In Liquidity This Week

  12. China To Lower 2019 GDP Growth Target As Fears Of Economic Slump Intensify

  13. Digital Dictatorship: China Exerts Control Over Population Through "Social Credit" System

  14. China's Uber Wealthy Are Preparing For $24 Trillion Tax Raid

  15. Chinese Capital Is Fleeing Offshore Again... And Now We Know How

  16. China's S-Curve of Expansion, Stagnation and Decline

  17. Why Chinese millennials are maxing out their cards for luxury goods

  18. China’s Generation Z outspend peers in US, UK on luxury goods


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