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BARRON’S: Storm Clouds Loom Large Over China’s Economy

By Sébastien RICCI

Also dragging on the economy is the dire finances of some local authorities after three years of astronomical spending to combat Covid and a real estate crisis that has deprived them of a major source of property income.

These difficulties, exacerbated by the economic context, will “become more visible in the second half of the year as China’s economic and financial problems increasingly bubble to the surface”, according to analysts at SinoInsider, a US-based firm.

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