China economic woes overblown

By Agence France-Presse

Oct 06, 2023 12:13 am

GENEVA: Concerns about China's economic troubles are being exaggerated and Beijing still has plenty of fiscal headroom, the United Nations Conference on Trade and Development (Unctad) chief said on Wednesday.

China's ballooning property-sector crisis has seen several high-profile firms engulfed in debt, fueling fears about the country's wider economy and a possible spillover globally.

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