Chinese Regime’s Economic Optimism Collides With Growing Public Pessimism
Weakening investment, a prolonged property crisis, and job losses are fueling frustration despite Beijing’s efforts to project economic confidence.
TL;DR
- Critics dispute Beijing's portrayal of China's economy as resilient.
- Jobs are disappearing, businesses are struggling, and housing values are falling.
- Major economic indicators have weakened despite official claims of strong exports and high-tech growth.
- Fixed-asset investment fell 6.7 percent year over year.
- Real estate development investment fell 19.2 percent.
- Private investment declined 9.4 percent.