Xi Jinping rings in 2024 with rare admission that China’s economy is in trouble ...Egypt

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Hong Kong CNN — China’s businesses are struggling and job seekers have trouble finding work, President Xi Jinping acknowledged during his Sunday New Year’s Eve speech. This is the first time Xi has mentioned economic challenges in his annual New Year’s messages since he started giving them in 2013. It comes at a critical juncture for the world’s second largest economy, which is grappling with a structural slowdown marked by weak demand, rising unemployment and battered business confidence. Acknowledging the “headwinds” facing the country, Xi admitted in the televised speech: “Some enterprises had a tough time. Some people had difficulty finding jobs and meeting basic needs.” “All these r

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Last updated : 01 January 2024 clock 11:53 AM

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Xi Jinping rings in 2024 with rare admission that China’s economy is in trouble ...Egypt

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