News > China needs to reconsider its economic focus, turn towards agriculture amid manufacturing and real estate crisis

China needs to reconsider its economic focus, turn towards agriculture amid manufacturing and real estate crisis

22/04/2023 05:34 PM | Click to read full article

As China grapples with these economic uncertainties, a strategic realignment of the economy towards agricultural development may represent a viable pathway to economic stability and growth. The global supply chain has shifted significantly, and many manufacturing companies in the region have not received any orders this year, leading to an increasing number of factory closure notices. The potential decline is likely to be more rapid than previously anticipated.

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