October 3, 2024

Recent Economic Backdrop Appears as Organic Economic Downturn By Summer 2024, China’s economy had reportedly reached average GDP growth between 5.3% in Q1 and 4.7% in Q2 on course with meeting its 2024 goal of 5%. However, during Q3 China saw a dive in consumer spending, 17%-18% young urban unemployment, and more loan defaults by…