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The Chinese economy is in a state of crisis.
There has been a slowdown in growth, youth unemployment is at a record high, the property market is in freefall, and businesses are having trouble with their supply chains again and again.
The world’s second-largest economy is feeling the pinch from severe drought, and its massive real estate sector is reeling from the effects of taking on too much debt.
But the issue is made even worse by Beijing’s inflexible zero-Covid policy, which shows no sign of changing.
So, what happens next: a global recession or an economic recovery?
Let’s break it down in today’s video.
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? Hey, I’m Gio. I spend countless hours every day learning and watching videos about crypto and the world economy. I realized how difficult it is to find useful content in a sea of noise, so I teamed up with some skilled friends and started my own YouTube channel. Wealthy Value is a place where we share what we’re learning about crypto, finance, and value creation.
If you’re looking to become a better investor, entrepreneur, or simply financially smarter in today’s changing economy, our channel is for you.
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