Name: Beijing Marks 2024 With Rare Admission on Economy
Uploaded: 2024-01-02T05:23:22.000Z
Description: Acknowledging missing jobs and struggling businesses, Chinese leader Xi Jinping warned of more economic challenges in the year ahead—speaking about a wave of economic: "winds and rains."

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Acknowledging missing jobs and struggling businesses, Chinese leader Xi Jinping warned of more economic challenges in the year ahead—speaking about a wave of economic: "winds and rains."

The remarks followed new data from Beijing, showing fresh signs of China's economic trouble.

The country's factory activity hit a six-month low in December, owing to limited orders both at home and abroad.

The economy was a major concern for China this year with issues ranging from a property downturn to rising unemployment and mounting local debts.

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