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China's Economy in Crisis: Real Estate, Deflation, and Youth Unemployment
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In a new report, Bloomberg Economics predicts that China will not overtake the US as the world's largest economy until the mid-2040s, and even then, it may never consistently pull ahead.
The report cites a number of challenges facing China's economy, including a real estate slump, deflation, and youth unemployment.
These challenges could prevent China from becoming the world's largest economy.
The report cites a number of challenges facing China's economy, including a real estate slump, deflation, and youth unemployment.
These challenges could prevent China from becoming the world's largest economy.
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