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China’s Economy
  • Yu Xiang, Senior Fellow, China Construction Bank Research Institute

    Sep 22, 2023

    The United States has seen consistent monthly growth throughout the year, but certain risk factors are accumulating. The future trajectory of the U.S. economy will depend on the relative development of economic growth drivers and the potential risks. China must respond thoughtfully.

  • Shang-Jin Wei, Professor, Finance and Economics at Columbia University

    Sep 08, 2023

    The Chinese economy is underperforming relative to its growth potential. Not only are investment and consumption demand weaker than hoped, but the country is facing the challenge of two Ds: deflation and debt. While consumer-price inflation is close to negative territory, producer-price inflation has already been negative for a year. At the same time, the private and public sectors have accumulated massive debts, owing to higher spending during the pandemic and the broader response to the easy-money conditions of previous years.

  • Zhang Jun, Dean, School of Economics, Fudan University

    Sep 08, 2023

    China’s aggregate demand has weakened significantly over the past three years. In addition to the enduring effects of China’s anti-COVID policy, the country has also been weighed down by the decrease in global demand. Exports fell by 14.5% year on year in July, a stark contrast from the robust 17.2% export growth recorded in July 2022. Given these downturn pressures, the government’s decision not to announce a massive stimulus package, as many had anticipated, has left foreign and Chinese observers deeply perplexed.

  • Alicia Garcia Herrero, Senior Fellow, Bruegel

    Sep 07, 2023

    China's economic slowdown is no longer the main contributor to global growth, but the rising strength of developing Asian economies offers hope for sustained global economic activity in 2023.

  • Zhong Yin, Research Professor, Research Institute of Global Chinese and Area Studies, Beijing Language and Culture University

    Aug 22, 2023

    GDP in the first half of 2023 increased 5.5 percent year-on-year as the country steadily left the COVID crisis behind. But the goal is not just short-term GDP improvement. If China sticks to its people-centered approach, it will create an ongoing pattern of high-quality development.

  • Christopher A. McNally, Professor of Political Economy, Chaminade University

    Aug 14, 2023

    China's economy is at a crossroads. As its old model of development faces challenges, it will require a shift to consumption-driven growth despite challenges in the private sector.

  • Martin King Whyte, Professor of International Studies and Sociology Emeritus, Harvard University

    Aug 05, 2023

    China has boasted the world’s largest population for hundreds of years, but with challenges brought about by mandatory birth limits and rapid economic growth, China is now faced with a population decline that likely will endanger Xi Jinping’s goal of moving China into the ranks of rich countries.

  • Zhong Yin, Research Professor, Research Institute of Global Chinese and Area Studies, Beijing Language and Culture University

    Jul 27, 2023

    Despite setbacks, the Chinese government is confident that the long-term positive trajectory of the country’s economy will continue uninterrupted. The effects of macroeconomic policy will continue to emerge, market demand will gradually recover and the supply structure will adjust.

  • Yu Yongding, Former President, China Society of World Economics

    Jul 05, 2023

    Before Deng Xiaoping launched China’s reform and opening up, the People’s Republic was working to establish a self-sufficient economy. But after dec

  • James Hinote, Geopolitical Strategist

    Jul 04, 2023

    Growing extreme partisanship in the U.S. has deadlocked the debt ceiling raising at a time when the U.S. Dollar is facing its greatest challenge as a global reserve currency. China has sought to increase cross-border transactions in the Chinese yuan and has signed more deals to achieve this with several countries. However, the yuan lacks global adoption of its currency and in alternative systems outside of countries that do significant direct business with China.

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