Dragon down the economy

Dragon down the economy
Rebel Pepper/RFA

Dragon down the economy: Chinese leader Xi Jinping is pulling out all the stops in the auspicious Year of the Dragon to revive the world's second-largest economy, which has downshifted to a slower-growth phase after decades of breakneck expansion. 

Critics say short-term fixes won't help an economy weighed down by structural problems like mounting local government debt, a tumbling real estate market and the fallout from Xi's own national security-first approach that features crackdowns on the tech sector and wealthy entrepreneurs – as well as policies that scare off foreign investors.


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