IS CHINA'S ECONOMY FAILING??

Let’s go to Beijing, in 2019 China's gross domestic product grew 6.1%, the country's slowest rate of economic growth since 1990. The GDP was in line with the official target range of 6% to 6.5% for 2019, a year where economic growth was marred by the effects of the U.S.-China trade war.
Then BOOM, COVID-19, Falling Growth Rate, Export Driven Economy to Consumption Driven Economy, Manufacturing and Banking Viability, Tax Revenues and Expenses, Regional Imbalances, and then from there to the shortage of electric power and then to coal, zero-covid policy, and now, the crackdown of Shanghai, a very prominent city in China.
Construction and property sales have slumped. Small businesses have shut down because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants.

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