China's Economy Faces Challenges and Change

Nowadays most internet boom companies from 2001 are gone, but the internet is much better off thanks to government not propping up bad businesses. Yet some still argue China's economy is declining.

Major US companies like McDonald's and Starbucks continue to rapidly expand in China, while advanced AI technology there threatens US competitiveness.

Editorials argue China should take over unfinished properties and expand safety nets, but that would reduce market incentives and economic growth fueled by private savings.

China's stock market has lost $6 trillion in value recently, which could signal a healthy correction toward better companies.

For all China's economic troubles, it remains a top US trading partner, so its economy declining would impact the US economy.