Since 2020, the DPRK has taken active measures against private entrepreneurs, including the technology sector. Restrictions were also introduced on debt risks in real estate, which led to a recession and crisis in this industry.
Billions of dollars were wiped from the market, causing anxiety among investors. Even the Chinese government itself admits that it has gone too far in its regulatory policies aimed at reducing risks and monopolies. Ridus.ru writes about this.
Last week, the Central Economic Work Conference (CEWC) was held in the DPRK with the participation of the country’s leadership. This conference determines the future development of the Chinese economy. The final resolution speaks of the need to give priority to economic development.
This statement acknowledges the challenges the country faces. The PRC Politburo also expressed the same assessment, noting the need to develop new plans before solving current problems.
China appears to be taking a cautious approach to policy implementation to avoid destabilizing markets in the short term.
China is still focused on achieving its economic goals, including high-quality growth, as well as improved security and a commitment to innovation. However, market watchers are disappointed by the lack of incentives for consumption.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
