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Until the COVID-19 pandemic rocked it back on its heels, the Chinese economy powered through periods of domestic and global turmoil seemingly unscathed. But detractors have long argued that China’s economic collapse was imminent, pointing to numerous fragilities.
20 Αυγ 2023 · China's unprecedented economic crisis worries the rest of the world. After years of exceptional growth built on local government and private-sector debt, the world's second-largest economy is...
21 Αυγ 2023 · Economists and analysts have told CNN that is because China has become too indebted to pump up the economy like it did 15 years ago, during the global financial crisis. Back then, Chinese...
4 Μαρ 2024 · The eventual collapse of China’s bubble has always been inevitable. All boom-and-bust business cycles must end, because the rapid expansion of debt creates opposing interests: bull and bear...
15 Αυγ 2024 · China’s leaders are betting on high-tech manufacturing to propel the economy as they try to deflate a bubble in the real estate market, where households store the bulk of their wealth. While that has hit consumer confidence, economists expect Beijing to do just enough to meet its target of around 5%.
This includes the nightmare scenario of China's property crisis leading to a full-blown collapse in the Chinese economy, triggering financial meltdown around the world.
24 Ιουλ 2023 · The teetering edifice of China Evergrande — once one of the world's biggest property developers — became a symbol of China's sudden economic about turn in 2021 as what appeared to be an imminent collapse grabbed global headlines. It somehow survived the maelstrom, shutting down communications as it "restructured" and continued lopping off arms.
