Sputnik International
By Oleg Burunov
February 1, 2022
Last year, the Chinese economy expanded about 8.1%, significantly exceeding the government’s forecasts, even though the growth was undermined by the tumult on the real estate market and renewed COVID outbreaks in the closing months of 2021.
Billionaire philanthropist George Soros has claimed that China is facing an economic crisis after the nation’s real estate boom ended with a “bang” last year, and that it is President Xi Jinping who should restore confidence.