The real problem with China’s economy
The country risks making some of the mistakes the Soviet Union did
China’S giant economy faces an equally giant crisis of confidence—and a growing deficit of accurate information is only making things worse. Even as the country wrestles with a property crash, the services sector slowed by one measure in August. Consumers are fed up. Multinational firms are taking money out of China at a record pace and foreign China-watchers are trimming their forecasts for economic growth.
Explore more
This article appeared in the Leaders section of the print edition under the headline “China’s looking-glass economy ”
Leaders September 7th 2024
From the September 7th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Lessons from the failure of Northvolt
Governments blew billions on a battery champion. Time to welcome foreign investors instead
How to make a success of peace talks with Vladimir Putin
The key is robust security guarantees for Ukrainians
Javier Milei: “My contempt for the state is infinite”
Argentina’s president is idolised by the Trumpian right. They should get to know him better
Tariff threats will do harm, even if Donald Trump does not impose them
The risk of a trade war is uncomfortably high
Peace in Lebanon is just a start
Donald Trump must build on Joe Biden’s belated success
From Nixon to China, to Trump to Tehran
Iran is weak. For America’s next president that creates an opportunity
