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Why China’s Miracle Growth Story May Be Coming to an End
Massive debt, youth unemployment and the specter of deflation. In China’s Great Slowdown, Xi Jinping’s fight to turn things around has global consequences.
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China is showing signs of a significant economic slowdown after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped, with data flashing warning signs across the economy.
This time, the government’s traditional tools for reversing course may not be viable options. The country must come to grips with how to manage a shaky property sector, sluggish consumer spending and towering local debt.