The brutal awakening of the Chinese economy: Between the real estate crisis and the fall in consumption

China, which for decades has been the main engine of global growth, is now facing a significant slowdown in economic activity. Despite Beijing's numerous efforts to stimulate the economy, it continues to show signs of weakening. The latest economic data, released on Thursday, reflects this trend: economic growth is slowing, unemployment continues to rise, and the real estate sector, once a mainstay, is in decline.