Breaking News: China about to go bankrupt? The bad news keeps on coming...

China may be in serious financial trouble. With corruption running rampant, debt levels spiking, and tax evasion numbers at an all-time high, it seems like the country is quickly going from an economic powerhouse to an economic disaster.
The country has been attempting an economic rebound after its three-year shutdown due to the COVID-19 pandemic, which drastically slowed their growth and development. Yet, despite their continuous attempts at returning the economy to what it once was, the results are nowhere near
what they want it to be. In fact, it seems prospects are much grimmer than expected, and an economic stimulus may be their last resort.
#china #economics #recession2023