August 19, 2022

China’s economic woes grow as oil price decrease

A new report claims China’s economy is slowing, including higher unemployment and a weak real estate market.

The problems come as its oil demand has decreased by four percent in the odd combination of global economic decline.

“When China’s troubled real estate giant, the China Evergrande Group, did not deliver its promised $300 billion restructuring plan over the weekend, analysts told CNBC the loss of confidence in real estate may create a ‘negative feedback loop’ that drags down the rest of the Chinese economy,” Breitbart News reported.

“The Chinese real estate industry is already in the grip of an unusual ‘mortgage revolt,’ with homeowners refusing to make their payments because they think developers will not finish construction and renovation projects,” it added.

The concerning numbers show China’s decline could have a strong negative impact on the U.S. as well.

With America officially marking the start of a recession, it could get worse in the weeks ahead for the Biden administration.

Share on facebook
Share on twitter
Share on linkedin
0 0 votes
Article Rating

This is a demo advert, you can use simple text, HTML image or any Ad Service JavaScript code. If you're inserting HTML or JS code make sure editor is switched to 'Text' mode.

Notify of
Inline Feedbacks
View all comments

Mary J. Riddle (@guest_1291455)
13 days ago

[ JOIN US ] I am making a good salary from home $6580-$7065/week , which is amazing under a year ago I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone, Here is I started.…………__ 𝐖𝐰𝐰.𝐁𝐢𝐝𝐰𝐨𝐫𝐤𝟒.𝐜𝐨𝐦

Melissa (@guest_1291462)
12 days ago

I get paid more than $120 to $130 every hour for working on the web. I found out about this activity 3 months prior and subsehgquent to joining this I have earned effectively $15k from this without having internet working abilities
Copy underneath site to check it… 𝗪𝐰𝐰.𝐥𝐢𝐯𝐞𝐣𝐨𝐛𝟐𝟒𝟕.𝐜𝐨𝐦



Sign Up For The Daily Newsletter


Would love your thoughts, please comment.x