The Rachman Review Is China’s power on the wane?
Feb 15, 2024
Discussion on China's property crisis and slowing growth rate, the notion of 'peak China', challenges facing China's economy, its economic challenges and political stability, and China's expanding power and influence in Southeast Asia.
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Defining Peak China
- Peak China refers to a slowdown of the Chinese economy, particularly concerning its property sector and reliance on investments.
- It also raises questions about China's geopolitical standing and potential for economic recalibration.
China's Property Bubble vs. Japan's
- China's property crisis differs from Japan's due to lower debt levels and a more dynamic private economy.
- The high rate of property ownership in China stems from limited investment options and the state's withdrawal from the property business.
Youth Unemployment and Disappointment
- High youth unemployment in China leads to job and income disappointment among graduates.
- This differs from previous generations who prioritized different lifestyles.