In a recent interview with business journalist Arthur Sullivan in Deutsche Welle, a German public broadcast service, ANBOUND's founder Kung Chan shared his views on the current economic situation in China. The biggest engine for the growth of consumption is real estate, and after this engine stalled, the country fell into a sluggish state. He also noted that state-owned enterprises receive more resources, but not so much for private businesses. Under the current state, China’s economic growth, vitality, and momentum are inhibited, making unexpectedly transformative prosperity and development less likely to happen.

Media link: https://www.youtube.com/watch?v=5vWCzfX9MI4