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China’s economy: Ticking timebomb or hopeful recovery? | DW Business

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Published on 19 Jul 2023 / In News & Politics

A new report by the Asian Development Bank says inflation in the region is gradually falling, while putting China on a course for 5 percent growth this year. Yet Chinese property giant Evergrande unveiled a $80 billion debt load earlier this week, stoking fears of shaky foundations in China’s key construction market. Is the Chinese economic story one of hopeful recovery or is it a disaster waiting to happen? DW spoke to Albert Park, chief economist of the Asian Development Bank. Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews ►Twitch: https://www.twitch.tv/dwnews_hangout Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #china #economy #business

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