China's Infrastructure Development and Debt Accumulation

China is home to 1.4 billion people (about 18% of the planet’s total population), it has the world’s second-largest economy, and its geographic footprint covers more than 3.6 million square miles. China is home to a thriving technology sector, has lifted 800 million people out of poverty, and has also built a formidable military capacity featuring a world-class navy, air force, nuclear missiles, and cyber warfare proficiencies. But China’s economic growth may have plateaued, and its politics have been so reshaped by President Xi Jinping that a cult of personality and raw authoritarianism have recast the country’s image abroad and its direction at home. Karishma Vaswani is a political analyst and Shuli Ren covers markets and China’s economy, and both are columnists for Bloomberg Opinion. 

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