China has spent years trying to convince itself that the difficult bits of its economy are temporary: a property slump here, a local-government financing problem there, a bit of weak consumption, and a bit of youth unemployment. Meanwhile, the shiny parts of the...
China’s economy is increasingly trapped by the very model that made it powerful. For decades, Beijing could rely on a familiar formula: households saved, banks channelled that money into factories and strategic industries, and the resulting products were sold to the...
For all the talk of a US-China “truce”, the relationship currently resembles two men politely shaking hands while each quietly checks whether the other has brought a knife. Beijing and Washington are still speaking. They are still trading. They are even...
Photo by Li Yang on Unsplash China’s economy is increasingly splitting into two very different countries. One is a fast-growing, technologically advanced export machine, concentrated in coastal provinces with major technology firms, advanced manufacturing clusters and...
China is facing pressure across several fronts at once. A prominent economist has raised doubts about the true scale of unemployment. Trade tensions with Europe are hardening as China’s surplus reaches new highs. The US-China trade truce is showing renewed strain over...
