China's Fading Economic Boom Signals Painful Adjustments Ahead
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China's economic model that powered its rise is now broken due to overreliance on real estate and exports. Massive debt and slowing demand make a recovery unlikely.
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The Communist Party under Xi Jinping has shifted focus from economic growth to national security and technological competition with the U.S.
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Key sectors like real estate, exports, domestic consumption are all slowing down sharply. There will be no big stimulus to boost growth again.
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China faces long-term demographic challenges with an aging population. It risks growing old before getting rich. Safety nets remain threadbare.
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The new era will bring painful adjustments. Companies must rethink supply chain risks. The US-China economic relationship is being reset around security not growth.