For four decades, China’s steady economic growth has left worrying lines on the faces of the Western world. But now the Asian giant is in danger of stumbling. Expert Thomas Eder explains why the Chinese economy is in danger and what measures President Xi Jinping is taking to combat it.
In 2021, the Chinese economy grew by 8.4 percent, and a year later by at least three percent. Figures that one can only dream of in the West. And yet the financial markets are in turmoil. Since 1976, economic growth among the Asian giants has not been as low as it is now. And other parameters also indicate that Xi Jinping’s economic miracle will soon come to an end. An end that would also throw the rest of the world into imbalance.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
