China doesn’t spare even its own… Alibaba was harassed for 3 years, as soon as a setback occurred, they changed their tune.
“The Chinese government, which earlier treated some businesses unfairly, is now making an effort to placate them in a number of ways. The Chinese government has pledged to support these businesses fully because of this.
China’s economic growth rate dropped significantly during the April-June quarter, compared to predictions. Concerns were raised when China’s exports continued to fall in June for the second consecutive month. 20% of the country’s youth, according to government statistics, are unemployed. Furthermore, China is accused of hiding information pertaining to this issue.
The government’s official statistics, which indicated a youth unemployment rate of 19.7% in the same month, were in conflict with a professor’s estimate that the rate had reached around 50% as early as March.
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