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China Business & Economy

CCP Says Economy in Recovery; Economist Calls It a ‘Zombie Economy’

‘There is no way to prevent the economy from continuing to decline,’ one economist said.
CCP Says Economy in Recovery; Economist Calls It a ‘Zombie Economy’
An employee looks on at steel rolls at a factory in Nantong in China's eastern Jiangsu province on March 1, 2022. - China OUT (Photo by AFP) / China OUT Photo by STR/AFP via Getty Images
Alex Wu
6/20/2024|Updated: 6/24/2024
0:00
News Analysis

Newly released official data from the Chinese communist regime’s National Bureau of Statistics for the month of May have revealed that China’s industrial growth rate has slowed, and that investments in infrastructure, manufacturing, and real estate fell across the board from January to May.

Alex Wu
Alex Wu
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Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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