The latest official economic data released by the Chinese authorities shows that China’s economy has experienced an overall decline. Insiders reveal that senior Chinese officials have recently held at least six emergency economic meetings with business leaders and economists, and the tone of participants was unusually urgent.
One political and economic analyst says that China’s economy is facing a dead end and that the communist system has caused many problems that cannot be solved, rendering these emergency meetings useless.
According to state-run Xinhua News, Chinese premier Li Qiang chaired an executive meeting of the State Council on June 16. The meeting concluded that more vigorous measures must be taken to boost China’s economy and stressed that policies and measures must be introduced promptly and implemented rapidly whenever possible….