China admits economy facing new ‘problems’, vows to fix property sector …C0NTINUE READING HERE >>>
Buildings under construction are seen during sunset in Shanghai on September 6, 2024..
Photo: Hector RETAMAL / AFP
Source: AFP
Chinese President Xi Jinping and other top leaders admitted Thursday that the world’s number two economy was facing new “problems” and vowed to resolve a long-running crisis in the housing sector.
Beijing has this week unveiled a raft of measures to boost its ailing economy, which it has targeted to grow five percent this year — an objective analysts say is…
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