Unlike the rest of the world, which has not yet escaped high inflation, the world's second-largest economy - China - is facing a severely disinflated and deflationary economy due to the collapse of consumer demand. But disinflation/deflation is not the only challenge facing China today. Local government public debt issues, liquidity in the financial system, geopolitical tensions, and declining FDI investment... are attacking China's economy all at once.
Therefore, this week's macroeconomic analysis article from Viet Hustler will review the checklist of major issues in China's billion-population economy: factors that could ignite a comprehensive crisis here.
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