China's economy in crisis: major construction sites and a ticking time bomb

China's economy in crisis: major construction sites and a ticking time bomb

According to a report by www.derstandard.de, there is a crisis in the Chinese economy. In particular, the real estate sector and high youth unemployment are putting a strain on the country's economy. In addition, real estate giants such as Evergrande and Country Garden are also struggling with payment difficulties, which further exacerbates the situation.

The problems in the Chinese economy are also reflected globally. A possible collapse of major real estate developers could lead to a global financial crisis as international investors and creditors would be affected. Furthermore, high youth unemployment could lead to social unrest, which in turn would threaten the stability of the entire region.

Since China is a major player in the global economy, these issues will also impact financial markets around the world. Investors and companies may suffer losses, while governments may be forced to intervene to stabilize markets.

The impact of these problems in China on the financial industry is significant and requires close monitoring and possible measures to stabilize the markets.