Entering 2025, despite these “ineffective” policies, China’s stock market, bond market, and the yuan all saw declines at the same time, which is not a good sign for the country. What’s even worse is the situation in China’s real estate market, where property prices in first-tier cities like Beijing, Shanghai, Guangzhou, and Shenzhen have sharply dropped. The tightening debt chain in China is only deepening the economic crisis, and it seems that this period of recession is just beginning.
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