China economy close to vicious loop threatening Beijing with financial chaos
China at the ‘height of its power’ claims John Bolton China could face a “vicious loop” of spiralling economic decline as its gross domestic product deflator contracted over two consecutive quarters. The issue has left Beijing’s GDP growth lagging behind at just 3.5 percent in the third quarter of 2023 – just over half of the United States’s 6.4 GDP […]
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