The failed policies of Xi Jinping are responsible for China's declining economy

Opinion of global economists

Beijing (China) – Even though it is widely circulated that China will soon overtake the US as the world’s biggest economy, the fact of the matter is that a situation has arisen where China may soon find itself facing a major economic recession. If China does experience a major recession, many economists believe that it will take years to recover from it. A big decline is being observed in China in the fields of real estate, construction, education etc. When trying to analyse the reason for this downfall in China, which has surged in the financial sector in the last 40 years, economists say that all this is due to the failed policies of the President of China, Xi Jinping.

1. Consumer spending, investment and exports have declined in recent years. In the second quarter of this year, the growth rate of China’s economy is estimated at 3.2%, while the growth rate of the US economy is estimated at 6%.

2. The far-reaching effects of engaging in a trade war against the US are clearly visible in China.

3. According to a report by ‘The Economist’, President Xi Jinping is responsible for the current situation in China. His expansionist policies, as well as his policy of dragging small and poor countries into debt traps, have also weakened China’s economy. The situation has also worsened due to the centralisation of power during the tenure of Xi Jinping. So in order to preserve their image they are currently hiding their situation from the rest of the world. Even during the recently held ‘BRICS’ conference China was not seen anywhere near the important meetings.

Problems China needs to solve;
1. Real Estate Bubble
2. Rural bank failures
3. Heat wave – Leading to drought and crop failure

The whole China economy may collapse and might take the world with it.https://t.co/QDmXvnOzcg

— Monil Nitin Parikh (@MonilParikh) August 21, 2022