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09 Jul 2025
CNBC's The China Connection newsletter: The hidden drag on China's economy
Summary: The article describes the impact of China's real estate slump on the country's economy. The article highlights that falling real estate prices have led to a decline in consumer confidence and a slowdown in retail sales. The article also mentions that the Chinese government is trying to stabilize the real estate market and has implemented policies to support developers and encourage homebuyers.