Both official and independent data show that China’s economy has slumped further in the second quarter of the year, with manufacturing slowing down unexpectedly and a downturn in the real estate sector intensifying. This has raised fears of a wave of layoffs in the second half of the year adding to already severe unemployment issues in China….
China’s Economy Slumps Further, According to New Data, Raising Fears of Layoffs
August 8, 2022
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