1. China's 40-Year Boom Is Over. What Comes Next?
- Author
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Wei, Lingling and Xie, Stella Yifan
- Subjects
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BUSINESS cycles , *BUSINESS enterprises , *INDUSTRIAL productivity , *CONSUMPTION (Economics) , *URBANIZATION ,ECONOMIC conditions in Asia - Abstract
China's 40-Year Boom Is Over. Gfx-contrib, leder, wsjworld, Asia Pacific, Asia, BRICS Countries, China, Greater China, Emerging Market Countries, Developing Economies That would make it harder for China to graduate from the ranks of middle-income emerging markets and could mean that China never overtakes the U.S. as the world's largest economy, its longstanding ambition. Total debt, including that held by various levels of government and state-owned companies, climbed to nearly 300% of China's GDP as of 2022, surpassing U.S. levels and up from less than 200% in 2012, according to Bank for International Settlements data. [Extracted from the article]
- Published
- 2023