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Skepticism prevails as Chinese leaders promise to back private businesses to spur slowing economy

Por: ABC News World July 31, 2023

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BEIJING -- The Fangbiaogan Real Estate Agency in the southern city of Nanning is still waiting for ’s post-COVID rebound.Home sales are 30-40% below last year's depressed level after the economy barely grew in the latest quarter, according to the owner, who would give only his surname, Cai. He has cut staff by 80% to 40 employees. Their income from sales commissions has fallen as much as 90%.“People are worried,” said Cai. “They... + full article



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