The Chinese economy is currently facing a slowdown, with experts debating its severity and the likelihood of a sharp decline. Despite differing opinions, it is clear that the annual growth rate has dropped significantly since Xi Jinping took office in 2013.
The economic slowdown has had a notable impact on various sectors of the Chinese economy. Some experts suggest that the most affected sectors include manufacturing, real estate, and retail. However, others argue that services such as finance and technology have also been impacted by the downturn.
It is crucial to understand which sectors have been most affected by this downturn to assess the overall health and future trajectory of the Chinese economy. While some experts predict a severe cyclical downturn, others believe it is too early to make a definitive assessment. Nonetheless, it is clear that China’s rapid growth has slowed down significantly in recent years, raising questions about its future prospects.