China’s Economy Is Deteriorating on Several Fronts

China’s economic momentum slowed broadly in November, with a marked weakening in consumer spending, adding pressure on Beijing to stabilize household and business demand in the world’s second-largest economy...

China’s retail-sales growth slowed to its lowest level since 2022, while investment and the property market continued to deteriorate, according to data released Monday by China’s National Bureau of Statistics...

China’s economic growth has defied expectations this year, but expansion has been driven in large part by strong exports, while other pockets of the economy, such as investment and the property market, have struggled.

https://archive.ph/v0tI9

One of the main reasons for trying to strength in exports, if not the main reason, is that it keeps its currency at a depressed level. Good for exports but bad for Chinese consumers. And as long as they continue to do that, talk of a BRICS currency replacing the dollar is just talk.