I would like tentatively to share the insights of Mr. Akio Makabe, Professor at Hosei University Graduate School, along with the contents of his article carried in the Diamond Online, with the title "China's Economic Growth Lowest in 30 Years? "
At China's National People's Congress held in March, the real GDP growth target for 2022 was lowered to around 5.5%.
This is the lowest level in the past 30 years or so.
The Triple Whammy of China's economy, including the deteriorating real estate market, the disruption of human flow and logistics due to the re-spread of the new coronavirus infection, and the tightening of restrictions on leading IT companies, combined with the impact of the Ukraine crisis, are putting increasing downward pressure on the Chinese economy.
https://youtu.be/grkD_BDMMc8
