China's Economic Growth Stalls as Other Nations Step In
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China's share of global GDP is falling rapidly, down 1.4 percentage points over 2 years - the largest decline since Mao Zedong's rule in the 1960s & 70s.
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China accounted for none of the $113 trillion growth in global GDP over the past 2 years - a historic reversal of its previous rapid growth.
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The US and other emerging nations like India, Indonesia, Mexico, Brazil & Poland are filling the gap left by slowing Chinese growth.
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Key factors behind China's decline include growing state intervention, debt problems, slowing productivity & population growth, and loss of foreign investors.
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Chinese President Xi Jinping has hinted at a policy pivot, but China's global economic share will likely keep falling given deeply rooted challenges.