How much trouble is China’s economy in?
Growth is faltering and the country is flirting with deflation
When janet yellen visited Beijing this month she did her bit for the local restaurant trade. America’s treasury secretary dined with her team at an establishment known for Yunnanese dishes, which subsequently unveiled a “God of Wealth” menu in her honour. She also hosted a lunch with female entrepreneurs and economists (including a representative of The Economist Group). Although restaurants have prospered since China dropped its covid controls at the end of last year, the gods of wealth have been less kind to the rest of the country’s economy—as gdp figures released on July 17th revealed.
This article appeared in the Finance & economics section of the print edition under the headline “Feel-bad recovery”
Finance & economics July 22nd 2023
- Your employer is (probably) unprepared for artificial intelligence
- How much trouble is China’s economy in?
- The dollar’s dip will not become a sustained decline
- Big tech’s dominance is straining the logic of passive investing
- America’s big banks are in rude health—with one exception
- Instant payments finally reach America with FedNow
Discover more
The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer