FOCUS: China's economy may weaken as Communists put themselves in quandary

Politics Economy Society

China's economy is expected to slow down further later this year, as the ruling Communist Party, which remains laser-focused on quelling popular dissatisfaction with its rule, has put itself in a quandary. Global material prices have been rising recently on the back of growing hopes for economic recovery from the coronavirus crisis, but it seems that the Chinese government has not allowed the nation's companies to raise their sales prices to prevent public frustration from mounting. As a result, a large number of smaller domestic firms have teetered toward bankruptcy, as they have been unable ...

Kyodo News

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