Note: This picture is made by Midjourney AI.
China's Economic Headwinds:
From Shopping to Home Prices, How to Make Chinese Splurge Again?
April 2024
In 2023, China's economy experienced a year-on-year growth rate of 5.2%, slightly more than the official target, but the recovery seems to be more arduous than many analysts and investors expected. This three-series project will look into the country’s economy through sectors of consumption, property, and job market.
01
In the aftermath of the pandemic, how have consumer behaviors changed? How has the market responded? And what does the future hold for consumption in China? This story will explore the changes in Chinese consumption.
02
For years, Chinese homebuyers firmly believed that real estate was the safest investment. But over the past three years, real estate developers crumbling under the burden of massive debt and new home sales plunged.
03
Nowadays, college graduates face mounting job market challenges, while middle-aged individuals encounter a well-known glass ceiling at age 35.
Experts will also comment on the future development of China's economy.
