China's Economy and Future Outlook

Bloomberg's report highlights deep-seated structural issues in China's economy, leading to doubts about its future growth and its ability to overtake the US. The report points out that China's rapid collapse in manufacturing and property sectors, coupled with its shrinking population due to the after-effects of the one-child policy, may already indicate that China has reached its peak of power. Despite the challenges, China's potential to bounce back is not ruled out if it adopts more free-market policies and if the West reverses its descent into socialism.