In the years following the outbreak of COVID, China has greatly helped the global community in fighting the virus as well as recovering from pandemic-induced economic troubles. The PRC has assisted countries around the world in their fight against the coronavirus, and it has also been the engine of the global economy as it works with other nations. The world’s second-largest economy is stronger than ever.
While China seems to be on the road to rapid economic recovery, the country’s economic landscape is a lot more uncertain than it appears at first glance. Beijing is not seeing consumer spending rebound as people are opting to save their disposable income, and China’s booming property sector is seeing severe drops. The PRC has a patchy road ahead in its recovery.