Attention Economy


Friday, April 5, 2024

China's Economic Challenges - Global Implications

China Confronts the Middle-Income Trap
While China obviously needs to boost private-sector confidence and revive growth with a more sustainable economic model, it is not clear that Chinese leaders fully appreciate the challenges they face. The shift back to state capitalism over the last decade is plainly incompatible with President Xi Jinping’s development goals.
 
China's Gen Z turns frugal as economy doubts linger
Youth disillusionment raises alarm over 'degradation of consumption'.
 
China’s Young People Are Giving Up on Saving for Retirement
Citing a rapidly aging society, difficult job market and uncertainty about the future, some young people are rejecting the idea of saving for old age.
 
China Shock 2.0 Sparks Global Backlash Against Flood of Cheap Goods
Emerging economies join U.S. and Europe in shielding domestic manufacturers from a rising tide of Chinese imports.