China has been described because the world’s manufacturing facility and the engine of worldwide progress.
Its financial rise was as soon as seen as unstoppable. Then got here COVID. Slowed by three years of strict lockdowns, the Chinese language economic system was anticipated to roar again in 2023; as an alternative, factories are slowing down, client costs are falling, actual property is in disaster and exports are in a droop.
The grim knowledge signifies a critical financial slowdown, a lot in order that United States President Joe Biden has described China as a “ticking time-bomb”.
Elsewhere, BRICS is increasing. However is larger stronger?
Plus, is Sri Lanka’s economic system on the mend?
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