Deflation — the trend of prices falling throughout the economy — presents a particularly dangerous trajectory for China, which carries a massive amount of debt.
The main components of GDP on the demand side — consumption, investment, net exports — they all have serious problems right now."
A shaky property marketMost of China's economic troubles tie directly into its property market.
Roughly a quarter of China's population works in agriculture — well above the 3% mark in the US — and that presents its own productivity limitations.
From an unstable, debt-ridden property market to anti-business policies and demographic issues, Beijing has plenty to tackle if it hopes to match the same growth as decades past.
Persons:
David Dollar, Biden, Dexter Roberts, Roberts, Terry Group, it's, Xi Jinping
Organizations:
Service, China's National Bureau of Statistics, People's Bank of, Federal Reserve, Brookings, Bloomberg, JPMorgan, Financial Times, China's, Global, US Census Bureau, Atlantic Council, Communist Party, Garden Holdings, Beike Research Institute, Terry
Locations:
Beijing, Wall, Silicon, China, People's Bank of China, China's US, Western, Russia, Asia, Ukraine, Mexico, China cratered, Rocky