ANALYSIS: China Is Heading Toward a Decade of Economic Stagnation
‘People need to learn that the days of Chinese rapid growth—debt-fueled as it was—are basically over,’ says one analyst
By August 15, 2023
Chinese laborers work at a construction site at sunset in Chongqing, China, on Mar. 6, 2005. (China Photos/Getty Images)
China has slid into deflation after months of disappointing export, manufacturing, home sales, and youth employment results. This has led to louder calls for the Chinese Communist Party (CCP) to roll out stimulus measures to kickstart the sputtering economy.
The world’s second-largest economy has been struggling for months, failing to achieve the post-pandemic boom that many had anticipated. The latest July data release showed exports posting its sharpest year-on-year drop since before the pandemic, and imports at five straight months of decline. Factory-gate prices fell for the 10th consecutive month, while new home sales saw its most significant monthly drop since July 2022.







Since 2016, the Democrats defined their primary political purpose not around agenda items like abortion rights, fighting racism, unlimited immigration or gay marriage, but saving democracy.
