Why The Chinese Communist Party Can't Fix China's Economic Situation

#chinesecommunistparty #economynews

You may have noticed that China's economy isn't doing so well right now. Thirty percent of its economy comes from the real estate business, which is in terrible shape. The Chinese Communist Party (CCP) has stopped giving out jobless numbers because the rate has risen so much, especially among young, educated people living in cities. Exports have been going down for four months in a row and are now about 10% less than they were last year. Last month, China's economy went into deflation, which means that consumer prices fell by only 0.3%.

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