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Mounting local govt debts, rising unemployment stall China’s income target for 2035: Report

Beijing [China], June 28 (ANI): Although the Chinese economy has come out of the restrictions, the cash-strapped local governments and unemployed youth have made the chances of achieving President Xi Jinping’s grand ambition to double the income of Chinese nationals by 2035 very bleak, Colombo Gazette reported.
According to experts, regulatory crackdowns on education, internet, and property sectors are the major reasons b