How the Chinese economy hit the skids
Only a few years go, the Chinese economy was the envy of the world. From 1979 to 2018, the nation's GDP grew at a phenomenal rate and China transformed from one of the poorest countries on the planet into a manufacturing superpower.
Fast-forward to 2024 and growth has stalled. The economy has suffered everything from a property slump to enormous public debt and high youth unemployment. And given China's rapidly ageing population and other factors such an increased trade protectionism abroad, its long-term economic prospects seem pretty grim...
Read on to find out why the Chinese economy is in trouble right now. All dollar amounts in US dollars.
Daniel Coughlin
09 April 2024
Features
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