Tokyo: underlining the side effects of the “sudden and extreme policy” of China’s President XI Jinping, a report published in every Japanese day said XI itself is a risk for the Chinese economy.
It comes when experts say that the weakening growth of the closing months of 2021 can cause problems because China faces a deteriorating real estate crisis, the latest Covid outbreak and approachless state tolerance to control the virus.
Even though last year’s growth rate was rather in line with expectations.
However, experts show how China’s GDP expanded only 4 percent in the last quarter of this year compared to the previous year, the rate at the latest in one and a half years.
“If XI fails to improve the economic situation by the Communist Party National Congress in the fall, it can affect its strength,” said Japanese financial newspaper Nikkei Asia quoted Chinese political resources.
“Overefidence is bad for Chinese development,” said a Chinese economist after the latest gross domestic product numbers were announced on Monday.
“Given the serious economic slowdown that we currently face,” said economist, “China’s day beyond the US moving, not approaching.” The Japanese Economic Research Center (JCER) last year has estimated that Chinese Nominal GDP will exceed the US in 2033, a total of five years later from the previous estimate.
Previously, the same Japanese center had predicted China to follow the US in terms of Nominal GDP to 2028.
On the day when the news of China’s economic slowdown in the last quarter of 2021 was released, XI delivered a speech in the world economic forum related meeting, where she said, “environmental shift The domestic and international economy has brought extraordinary pressure, “he said.
“But …
we have trust in the future of China’s economy.”