China’s Economy Faces Challenges: Property Market, Deflation, and Stock Market Turmoil
China’s Economy Faces Challenges Amidst Contractions and Uncertainty Introduction China’s economy is currently experiencing significant challenges, including a crumbling property market, deflationary pressures, and a volatile stock market. The contraction in manufacturing activity for the fourth consecutive month has raised doubts about the resilience of the world’s second-largest economy. Allianz, for instance, has revised its…