China’s economy: Ticking timebomb or hopeful recovery? | DW Business
July 19, 2023
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9:09Now PlayingChina’s economy: Ticking timebomb or hopeful recovery? | DW Business
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as posted by the channelA new report by the Asian Development Bank says inflation in the region is gradually falling, while putting China on a course for 5 percent growth this year. Yet Chinese property giant Evergrande unveiled a $80 billion debt load earlier this week, stoking fears of shaky foundations in China’s key construction market. Is the Chinese economic story one of hopeful recovery or is it a disaster waiting to happen? DW spoke to Albert Park, chief economist of the Asian Development Bank.
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