.jpg.jpeg)
Dragon's economy is declining dramatically, US MP said - China will have to give up aggression
China Economic Slowdown: Raja Krishnamurthy said, 'China has taken a huge loan, especially at the provincial and local level. Also, the total wealth of the people, which is mostly invested in real estate, has declined significantly.'
China's economy is declining rapidly. This claim has been made by US Indian-origin MP Raja Krishnamurthy. China's economy is declining dramatically and now it has only two options, either it continue aggression against its neighbors or improves its economy and reduces its aggression.
Raja Krishnamurthy said that 'China's economy is slowing down, and this slowdown is to such an extent that China's economy can reach the brink of deflation (fall in prices of goods and services) in many sectors. Consumers are losing confidence in the economy. The unemployment rate in China has exceeded 25 percent. This is a very bad figure.' He said, 'China has taken a huge loan, especially at the provincial and local level. Also, the total wealth of people, which is mostly invested in real estate, has declined significantly.'
Krishnamurthy said that 'China's supreme leader Xi Jinping is facing a lot of difficulties due to the poor condition of the economy.' Krishnamurthy, a four-time MP representing Illinois, USA, is also a member of the parliamentary committee on strategic competition between the United States and the Chinese Communist Party.
