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The End of Chinas Economic Miracle: How Beijing's Struggles Could Be an Opportunity for Washington.

Authors :
POSEN, ADAM S.
Source :
Foreign Affairs. Sep/Oct2023, Vol. 102 Issue 5, p118-130. 13p.
Publication Year :
2023

Abstract

The article discusses that Chinese government had suddenly decided to abandon its "zero covid" policy, which had suppressed demand, hampered manufacturing, roiled supply lines, and produced the most significant slowdown that the country's economy had seen since pro-market reforms. It mentions Chinese Premier Li Keqiang announced a target for real GDP growth of around five percent. It also mentions demand for domestic tourism, hospitality, and retail services all made solid contributions.

Details

Language :
English
ISSN :
00157120
Volume :
102
Issue :
5
Database :
Academic Search Index
Journal :
Foreign Affairs
Publication Type :
Periodical
Accession number :
170049602