Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob.
AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US."
A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard.
For the US economy, China as a workshop is much more important than China as a consumer.
Now that China's economic supercycle is over, that may be the cycle we're about to witness.
Persons:
We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez
Organizations:
Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies
Locations:
China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City