Asking people in China about their Lunar New Year wishes, the talk inevitably shifts to the economy.
Since 2021, China’s stock markets have lost about $7 trillion in value, which has implications for the global economy.
China’s government is making employers pay more into its social welfare system, just as the economy is stalling.
China is the world’s top exporter, and its trade data is a barometer for consumer spending around the world.
There is a longstanding debate about whether the data is accurate. Some are skeptical of government officials’ projections of 5% growth.
“Marketplace” host Kai Ryssdal and Shanghai correspondent Jennifer Pak walk around Sanlitun, where Ryssdal lived in the 1990s.
Some city-dwellers are heeding the call of China’s government for people to return and revive the countryside.
The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.
China’s job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.
The economies of China, the U.S. and Europe will all be affected by the cartel’s move to boost energy prices.
