No More U.S. Purchases of Chinese Goods, China Falls Into Poverty, Tens of Millions Lose Jobs

No More U.S. Purchases of Chinese Goods, China Falls Into Poverty, Tens of Millions Lose Jobs

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The issue of financial hardship has become a hot topic in China recently, especially the question: "Why are Chinese people becoming poorer?" Despite official GDP growth, ordinary citizens continue to feel the pinch with struggling businesses, a sluggish real estate market, rising youth unemployment, and an overall tightening of household budgets.

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