China’s economic growth, which has continued for 40 years, has slowed sharply and risks turning into a prolonged recession due to its debt burden and deterioration of relations with the West. An American newspaper writes about it. The Wall Street Gazette.
“The 40-year boom in China is over,” the article says.
According to the article’s authors, the economic model that brought the PRC out of poverty to great power status is broken, and there are signs of disaster everywhere.
The publication points out that the Chinese economy is facing an unfavorable demographic situation and a “widening gap” with the United States and its partners, which threatens foreign investment in the country.
“This is not just a period of economic weakness, it could be the end of a long period,” the article says.
The International Monetary Fund forecasts China’s GDP growth to be below 4% in the near term, less than half of its rate over the past four decades.
Before this issue of Politico WroteThat Chinese officials can turn to the United States with a request to help resolve economic problems.
previously in the USA taken into account opportunity to organize the officials’ visit to China.