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World News@lemmy.ml · 1 year ago

China's economy in crisis, on the brink of collapse?

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China's economy in crisis, on the brink of collapse?

ANuStart@lemm.ee to

World News@lemmy.ml · 1 year ago

China's unprecedented economic crisis worries the rest of the world

After years of exceptional growth built on local government and private-sector debt, the world's second-largest economy is facing the bursting of its real estate bubble and a severe slowdown.

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culpritus [any]@hexbear.net
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1 year ago

“Any headline that ends in a question mark can be answered by the word no.”

https://en.wikipedia.org/wiki/Betteridge’s_law_of_headlines

3rd paragraph:

While the mood is gloomy, experts agree that the bursting of a '08 Lehman Brothers-style speculative bubble is unlikely.

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