Single decision of China..! All turned upside down..!?

If many countries of the world are stuck in slow economic growth, the main factors are international political tensions. It would be a recession caused by this, but China's situation is different. China's zero covid policy is causing the entire economy to collapse. In fact, china, the world's leading economic country, is feared to enter a recession. The economy has reached such a level of stagnation that the Xi jinping government is facing a lot of headaches. While the growth rate was slow in the first quarter itself, the growth rate for the July-September quarter will be released next week. This too is expected to reach a slowdown in growth.
Although the Chinese government is expecting 5.5% growth this year, experts say China's growth rate will not be that high. According to BBC opinion, there will be no growth in china by experts. Although china has escaped the clutches of inflation better than other major economies such as the united states and England, they point out that china has problems in other ways. The first of them is the real estate market. An important part of China's economy is its real estate market. The real estate sector is expected to account for one-third of the GDP. china is currently in a bad phase in the real estate industry. China's largest real estate giant Evergrande-Way is the best example of this. After the Evergrande debacle, many companies are also in dire straits. Homes remain unsold. Half-built houses remain standing without adequate funds.The second is China's famous zero Covid policy. This policy, which is described by experts as the worst policy, has caused China's economy to reach its lowest point. It has caused the impression that this is the cause of other problems as well. Does any country in the world follow such a bad policy? It has also come under criticism that it is not known. It has played a major role in the deterioration of China's economy.Especially China's most important manufacturing cities were paralyzed by this zero covid policy. Because of this, China's manufacturing was badly affected. As a result, many lakhs of people lost their jobs at that time. Even though many countries in the world have escaped the grip of Corona, china is still affected by Corona. A lockdown has been imposed in many areas. The government has been following the zero covid policy for the past 2.5 years to prevent the spread of the coronavirus. However, the beijing government announced 1 trillion yuan last august to promote small businesses, infrastructure, and real estate businesses. But experts say this is not enough to revive China's economy.Investments should be increased especially in the infrastructure sector. To stimulate demand for credit. The government should reduce taxes. In general, there is an expectation that the government should make arrangements to receive foreign investments. But will that happen because of China's policy? It is also a big question. As China's economy continues to slow down, China's next big challenge is job opportunities. Already economic slowdown and zero covid policy have put lakhs of jobs in question. Now the real estate problem, the government's new regulations can encourage this. There is already competition among millions of young people. This may further increase competition. It is noteworthy that a recent study indicated that 1 in 5 young people have a job.
In china, climate change is also seen as the worst. This too has not had the worst impact on China's economic decline. China's worst-ever heatwave has fueled the electricity demand. But as electricity production was affected, industries and people were affected in many ways.
Already lost 2.5 years due to China's corona policy. Meanwhile, other foreign businesses are also facing the worst impact in China. This has led many foreign companies to shift their business operations from China. Companies from many countries have already started shifting their business to other countries.While there are many factors responsible for China's poor decline, experts point to China's key policy, the zero Covid Policy, as the most important reason. But it is noteworthy that even today the lockdown has been implemented in some important areas of China. As a result, many of China's major stocks have seen a sharp decline. This is a continuing story. All in all, it seems that big challenges await the Xi jinping government.