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China's Dragon Economy Under Pressure | US News
China’s economic story is far from stable despite political narratives of strength—home prices are falling, youth unemployment remains high, and debt now dwarfs the economy. The property crash, sparked by Evergrande, still drags down consumer confidence and retail sales. While Beijing pushes tech bets like AI and EVs—with exports surging—the lack of domestic demand forces reliance on overseas markets, sparking friction with Europe. Globally, some see China more favorably than the U.S., but at home, cracks in the fundamentals are widening under Xi’s extended rule and tightening party control…
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