China is currently facing significant economic challenges, including a rapidly aging population, deflationary risks, and a housing crisis that is impacting household wealth. At the heart of these issues is President Xi Jinping's shift in policy priorities towards national security and technological upgrading over economic growth. This shift has led to discontent and unrest, as the old growth model based on heavy investment in infrastructure and real estate crumbles, leading to a slowdown in growth and falling prices. The upcoming annual meeting of China's parliament is expected to unveil moderate stimulus plans to stabilize growth, but experts are calling for bolder reforms to address the country's deep structural imbalances. The manufacturing sector has been in contraction for five consecutive months, highlighting the difficulties facing the economy. Despite these challenges, Xi's consolidation of power has cleared the path for attempts to put the economy on a more sustainable footing, though he faces significant obstacles in convincing the nation of the benefits of these changes. The situation is further complicated by trade frictions and policy shifts, leading to a significant slowdown with consequences for the rest of the world.
Xi’s One-Man Rule Over China’s Economy Is Spurring Unrest https://t.co/pD1QxJTSn2 The best thing about President Xi's one-man rule is that it is revealing his incompetence.
From the #stockmarket rout and the tumbling property market to surging local debt and stagnant consumption, China’s #economy has faced multiple challenges in recent months, and a mood of doom and gloom has set in #China. From Antara Ghosal Singh https://t.co/QcaPjHse6n
"Dumb luck in the market isn’t a possibility in China’s command economy. Instead, Mr. Xi must generate rising prosperity through his own savvy economic management, which is bad news for China." https://t.co/jRtsH6uJa3 https://t.co/TXuVQrxS2B
What’s Wrong With China’s Economy, in Eight Charts - @wsj_douglasj https://t.co/IibMTDXeLc
China has been grappling with sub-par growth over the past year amid a property crisis and as consumers hold off spending, foreign firms divest, manufacturers struggle for buyers, and local governments contend with huge debt burdens. Read more: https://t.co/89aMQFRQxW https://t.co/hZsTTf98GH
China has been grappling with sub-par growth over the past year amid a property crisis and as consumers hold off spending, foreign firms divest, manufacturers struggle for buyers, and local governments contend with huge debt burdens https://t.co/fHK0WsASua https://t.co/STxNp7BBQf
Another example of Western media "talking down" China's economy:) "With its economic challenges multiplying, and options for stimulus limited, China looks set for much weaker growth in the years ahead." https://t.co/Lt1Bh0MB8R via @WSJ
Xi Jinping’s one-man rule over China's economy is spurring unrest https://t.co/6oG6UhMZFE
China's PMI highlighted an uneven economic recovery, maintaining pressure on authorities as markets clamor for bolder stimulus measures and reforms to safeguard Beijing's long-term growth potential. Read more: https://t.co/89aMQFRQxW https://t.co/eDZVEjhHmg
China's PMI highlighted an uneven economic recovery, maintaining pressure on authorities as markets clamor for bolder stimulus measures and reforms to safeguard Beijing's long-term growth potential https://t.co/fHK0WsASua https://t.co/mFnmjl06JY
China’s economic model is crumbling. A look at how the challenges are multiplying after years of rapid growth, in eight charts. https://t.co/buIvplPsxd via @WSJ
China’s economic model is crumbling. A look at how the challenges are multiplying after years of rapid growth, in eight charts. https://t.co/CkIyU89Y3L via @WSJ cc @WallStCynic
What’s Wrong With China’s Economy, in Eight Charts https://t.co/317jD44sm4
🇨🇳Xi’s One-Man Rule Over China’s Economy Is Spurring Unrest https://t.co/He2kiyRTDh https://t.co/QQngZAWUh5
Xi’s One-Man Rule Over China’s Economy Is Spurring Unrest - BBG https://t.co/u42bcAYrbT
China’s old economic model, underpinned by heavy investment in infrastructure and real estate, is crumbling. Growth is slowing and prices are falling. How did the world’s second-largest economy get into such a mess? @wsj_douglasj https://t.co/qIpHKl3Rhu https://t.co/qIpHKl3Rhu
China’s manufacturing sector remained in contraction for a fifth consecutive month, underscoring the difficulties facing the economy and raising hopes for bolder policy moves at annual legislative meetings next week. @ByXiaoXiao https://t.co/9CdTSkdNQd https://t.co/9CdTSkdNQd
For decades, China’s economic growth was tremendous. But now the nation is seeing a significant slowdown, with consequences for the rest of the world, including other countries and companies. Watch the full video here https://t.co/eXDCG0QVTZ https://t.co/azEzShJHTS
China's parliament is expected to unveil moderate stimulus plans to stabilize growth at an annual meeting beginning on Tuesday, but may disappoint those calling for a detailed roadmap of bold policies to fix the country's deep structural imbalances https://t.co/CAdscXwaOO
⚠️ CHINA'S PARLIAMENT TO UNVEIL MORE STIMULUS NEXT WEEK, BOLD REFORMS UNLIKELY (Reuters) China's parliament is expected to unveil moderate stimulus plans to stabilise growth at an annual meeting beginning on Tuesday, but may disappoint those calling for a detailed roadmap of… https://t.co/t22FWGGanZ
China’s economic model is crumbling. A look at how the challenges are multiplying after years of rapid growth, in eight charts. https://t.co/LHHzsdLFLL https://t.co/LHHzsdLFLL
Chinese President Xi Jinping’s consolidation of power has cleared the path for him to put the economy on a more sustainable footing. But he’s failing to convince the nation that’s a good idea. https://t.co/vPZRhnGeCz
The danger for Xi is that the “fallout of the decline of the old growth model might be so great it prevents him from moving into the new growth model. The big question is, can you make that change fast enough?” @Bloomberg https://t.co/lAN6eL0icj
The central reason for China’s economic malaise is that Xi Jinping has decided to make national security and technological upgrading—not economic growth—his main policy priorities, Arthur R. Kroeber writes. https://t.co/izXcsKfoeu
Xi Jinping's move to shun the old playbook of unleashing broad stimulus is spurring discontent, as a housing crisis cuts into household wealth. https://t.co/ej0f7klPLx
As today's @CSISCBE event concludes, we reflect on the complexities of China's economic outlook, from trade frictions to policy shifts. If you missed it, you can rewatch the session here: https://t.co/xDfQ4nVrVd
Live at the @CSISCBE event on China's economy. @KennedyCSIS is kicking off the discussion. Stay tuned for expert insights! #chinaeconomy
Happening in 20 minutes! Tune in to @CSISCBE's online discussion on China's economic trajectory. Experts @KennedyCSIS, Steven Barnett, Logan Wright, @yanmeixie, @onlyyoontv & Kiyoyuki Seguchi will explore the potential crisis in China. Don't miss out! https://t.co/xDfQ4nVrVd
At a time of economic headwinds and political uncertainty, the focus China's Two Sessions this year is expected to be on how Beijing interprets and plans to address issues ranging from rapidly ageing population to deflationary risks. https://t.co/7FNkrEEa7U