Changes

*Unemployment: Unemployment is rising, with the urban youth unemployment rate reaching 17.1% in July 2024. See: [[Youth unemployment in China]]

*Unemployment: Unemployment is rising, with the urban youth unemployment rate reaching 17.1% in July 2024. See: [[Youth unemployment in China]]

*Massive Debt: China's debt hangover is a result of years of inefficient stimulus spending. "Since 2021, the debt-to-GDP has climbed by almost 30 percentage points to 310% of GDP in the second quarter of 2024 — and is set to climb further to 312% by the end of this year, according to Morgan Stanley." ([https://www.cnbc.com/2024/09/16/chinas-local-government-debt-problems-are-a-hidden-drag-on-economic-growth.html#:~:text=Since%202021%2C%20the%20debt%2Dto,year%2C%20according%20to%20Morgan%20Stanley. China Economy: China’s local government debt problems are a hidden drag on economic growth], 2024).  

*China's Massive Debt: China's debt hangover is a result of years of inefficient stimulus spending. "Since 2021, the debt-to-GDP has climbed by almost 30 percentage points to 310% of GDP in the second quarter of 2024 — and is set to climb further to 312% by the end of this year, according to Morgan Stanley." ([https://www.cnbc.com/2024/09/16/chinas-local-government-debt-problems-are-a-hidden-drag-on-economic-growth.html#:~:text=Since%202021%2C%20the%20debt%2Dto,year%2C%20according%20to%20Morgan%20Stanley. China Economy: China’s local government debt problems are a hidden drag on economic growth], 2024).  

*Consumer confidence: Consumer confidence is sagging, with consumers becoming more frugal.  

*Consumer confidence: Consumer confidence is sagging, with consumers becoming more frugal.