China's economic ambitions hit limits to growth as its national congress meets

China's economic ambitions hit limits to growth as its national congress meets

BEIJING, Mar 3:  China’s progress in building a modern economy, evident in its kung-fu fighting robots and self-parking cars, is hitting limits as a downturn in its housing industry drags on, small businesses suffer and young people struggle to find jobs. The gap between Chinese leader Xi Jinping’s high-tech, artificial intelligence-driven ambitions and the hard realities of slowing growth is the backdrop for the annual meeting of the country’s largely ceremonial national legislature, the National People’s Congress, which begins Thursday. […]

By Daily Excelsior - BEIJING, Mar 3: China’s progress in building a modern economy, evident in its kung-fu fighting robots and self-parking cars, is hitting limits as a downturn in its housing industry drags on, small businesses suffer and young peop... [6871 chars]

Published by: Daily Excelsior

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