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Why is China in such big trouble?

How the Chinese economy hit the skids
The start of China's economic miracle
China's manufacturing bonanza
The world's factory floor
China's Global Financial Crisis spending
China's growing housing bubble
Key economic driver
Overleveraged property developers
China's housing bubble begins to pop
Tougher housing market regulations
Evergrande collapse
China's housing market meltdown
China's tech industry crackdown
China's declining exports
Decreasing foreign demand
Decreasing foreign investment
China's stock market downturn
China's currency dip
Consumer spending woes
China's high youth unemployment
Chinese local government debt
China's deflation nightmare
Japan asset price bubble vibes
China's middle-income trap
China's slowing GDP growth
China's 'Five Crises' and 'Four Ds'
Chinese government efforts to revive the economy
China's advanced manufacturing push and alleged goods dumping
The risk of relying on exports to save China's economy
China's rapidly ageing population
China's military spending drive
The potential economic effects of a Chinese invasion of Taiwan
The effect of China's slump on the global economy
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STR/AFP via Getty Images

How the Chinese economy hit the skids

Only a few years go, the Chinese economy was the envy of the world. From 1979 to 2018, the nation's GDP grew at a phenomenal rate and China transformed from one of the poorest countries on the planet into a manufacturing superpower.

Fast-forward to 2024 and growth has stalled. The economy has suffered everything from a property slump to enormous public debt and high youth unemployment. And given China's rapidly ageing population and other factors such an increased trade protectionism abroad, its long-term economic prospects seem pretty grim...

Read on to find out why the Chinese economy is in trouble right now. All dollar amounts in US dollars.

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Daniel Coughlin

09 April 2024

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