Commentary
Beijing can bend reality only so much before it must turn to reality. And what a harsh reality the Chinese Communist Party (CCP) is facing.
The CCP Pushes False Hopes and Failure
Beijing’s assertion that the extreme lockdowns over relatively few cases of the CCP virus would not impact the economy is, not surprisingly, proving to be false. Despite all of the CCP’s assurances about China’s economic performance, it is now the worst since the COVID-19 pandemic began in 2020.
The latest economic reports show almost a 3 percent drop in industrial production and retail sales collapsing by over 11 percent in April. What’s more, unemployment is now over 6 percent, approaching the highest levels since Beijing began tracking unemployment levels in 2018….