10min chapter

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China's boom changed the world. Now, it faces a slump

Front Burner

CHAPTER

China's Economic Transformation and Impact on Other Economies

This chapter explores the growth and transformation of China's economy over the last 40 years, from its isolation to becoming the world's second-largest economy. It discusses signs of China's slowing economic growth due to overbuilding and the reliance on unsustainable growth. The chapter also discusses the financial struggles faced by Chinese property developers Evergrande and Country Garden, highlighting the ripple effects on the property market.

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