China’s economic crisis: 3 main economic pillars are shaken

https://www.youtube.com/watch?v=WjdnMfTN0lM

The International Monetary Fund said that China’s economy is slowing down. As a result, the agency cut China’s projected GDP growth forecast to 3.2% in 2022 and 2.7% in 2023. It is far from China’s goal of 5.5% GDP growth for 2022. Meanwhile, Elpais cited that the World Bank expected a lower growth rate of 2.8% for 2022. The Bank also estimated China would fall from its 30-year reign as Asia’s top economic locomotive. —————–