China's economy in crisis, on the brink of collapse?
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China's unprecedented economic crisis worries the rest of the world
https://www.lemonde.fr/en/economy/article/2023/08/20/china-s-unprecedented-economic-crisis-worries-the-rest-of-the-world_6099473_19.html#:%7E:text=Is%20the%20Chinese%20economy%20on,the%20country%20entered%20deflation%20territory.
After years of exceptional growth built on local government and private-sector debt, the world's second-largest economy is facing the bursting of its real estate bubble and a severe slowdown.