Op-ed: The four big threats to China’s economy
CNBC | Wed, Apr 27, 2022
by William Rhodes and Stuart Mackintosh
We should all care what happens in China, because it will affect us all.
Economic dangers and Chinese President Xi Jinping’s responses to them will affect China first and foremost — but trouble in China could spell trouble everywhere this year and next.
The world is rightly focused on the atrocities being committed by Russia in Ukraine, and China’s choice to stand with Russia is straining globalization’s links.
But China’s economic challenges go beyond the war. Threats to China’s outlook are rising in four distinct but overlapping areas: at home, in health, in debt, and in a fracturing globe.