China’s ‘Ticking Time Bomb’ Real Estate Sector Crushing Economy: Analyst

China’s exports slumped more than 8 percent in June, and the youth jobless rate climbed to a record high of 21 percent. Declining consumer confidence and a downturn in the real estate sector are the main drivers. In addition, Beijing’s tighter political controls on business, export bans from the West, and fears of a possible invasion of Taiwan are putting pressure on the Chinese economy. NTD spoke to economist and China analyst Antonio Graceffo to find out more.

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