Why ‘peak China’ talk obscures dire reality about its economy

Why ‘peak China’ talk obscures dire reality about its economy

China is far from collapse but its gamble to anchor growth in hi-tech innovation won’t pay off unless it shores up its traditional economy.

Why It’s So Hard for China to Fix Its Ailing Economy

In 2004, as China’s economy was emerging as a global force, a group of researchers started conducting nationwide surveys asking Chinese people if they were better off financially than they were five years earlier. The percentage who felt wealthier climbed when surveyed five years later and again in 2014, when it reached a high of 77 percent. Last year, when respondents were asked the same question, that figure dropped to 39 percent. The results …

Why it’s so hard for China to fix its ailing economy

A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.