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China Forced To Admit Economic Hardship as Leadership Clashes Over a Cure
['Anna Wong', 'Senior Editor']
CTN News-Chiang Rai Times
BEIJING – China, the world’s second-largest economy, is facing a rapid and historic cooldown that has caught many experts off guard.
They are urgently demanding that Beijing fix its internal economic imbalances by encouraging its own citizens to spend.
They confidently view their advanced manufacturing boom as a generous gift to the global economy, not a threat.
A sudden, unexpected shift toward massive consumer stimulus would immediately send shockwaves of relief through global financial markets.
China’s massive economic engine can absolutely be repaired, but first, the divided mechanics must agree on the problem.