China's Economic Problems Worsen: the Domestic and International Aspects
China's Economic Problems Worsen: the Domestic and International Aspects

Author(s): Piotr Dzierżanowski, Damian Wnukowski
Subject(s): Politics, National Economy, Supranational / Global Economy, Economic policy, International relations/trade
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: China; economic problems; policy; domestic aspect; international aspect; foreign policy;
Summary/Abstract: The economic rebound in China after the lifting of the pandemic restrictions at the end of 2022 was short-lived and the situation has now been deteriorating for several months, including because of a decline in consumption and exports. The current economic woes are rooted in an intensification of existing problems, including excessive debt, particularly in the real estate sector. The deflation recorded in July this year is indicative of deepening structural problems, including the current, ineffective growth model based on investment and exports. While a deep crisis in China’s economy is unlikely, the accumulation of the challenges will translate into lower growth rates in the coming years.

• Details
• Contents