China Business & Economy
‘We’re likely on the path to a full-blown depression,’ an expert says.
A worker inspects a vehicle’s charging system in Hefei, China, on Jan. 17, 2025. Kevin Frayer/Getty Images
Michael Zhuang
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News Analysis
In light of recent mass layoffs and bankruptcies in China, experts warn that China’s economy is entering a deep recession, possibly a depression, with rising unemployment and systemic risks that could trigger large-scale social instability.
Michael Zhuang
Author
Michael Zhuang is a contributor to The Epoch Times with a focus on China-related topics.
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