Guangdong's manufacturing hub faces unemployment wave
Edited By WION Video Desk
Published: Dec 18, 2023, 06:00 IST | Updated: Dec 18, 2023, 06:00 IST
The private sector, long the backbone of China's economic growth, is struggling to recover. Fixed-asset investment contracted by 0.5% in the first 11 months of the year, in stark contrast to a 6.5% rise in the state sector. The once-prosperous golden world innovation aluminium, amid declining orders and a real estate crisis, finds itself unable to break even.
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