China’s once vibrant private sector suffocating under Xi’s crackdown
China’s economy is in terrible shape. Unemployment is skyrocketing, the housing market is collapsing, and growth is stalling. Constant co lockdowns are dragging on virtually every part of the country’s economy. Swathes of the population are struggling to make ends meet. CNN’s Selina Wang speaks to people who aren’t seeing the economic benefits Xi has pledged under his rule.
