Abstract
It was another difficult year for China in 2019. The Chinese economy and government revenue registered the lowest growth in nearly three decades. The employment situation has worsened and inflation driven by the surge in pork prices has reached its peak since 2012. Spending huge amounts of government money on social programmes has been China’s core coping strategy. This approach is however facing difficulties in localities with a smaller and less diverse revenue base. Social challenges will become even more manifest in 2020.
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