Since post-pandemic, China has been struggling to stimulate its economy, which is still in a hot water right now and not yet out of the woods.
China has injected a slew of policy support into its economy, which so far has not done enough to lift economic sentiment, as post-Covid recovery of the world's second-largest economy has fallen short of expectations.
Some western medias comment China's economic model is washed up on the beach with a huge number of legacy holes in it and not going to take off again, which also will have a big impact on global markets.
Beijing has acknowledged its immediate economic headwinds and signaled more fiscal policy support. China has experienced meteoric growth that outpaced developed countries over the past two decades, overtaking Japan as the world's second-largest economy. However, many economists now see a longer structural downward trend amid diminishing contributions from property and manufacturing — the traditional pillars of China's rapid economic expansion.
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