The Intelligence from The Economist Chinese draggin’: growth slows
Oct 18, 2021
Sophie Petter, The Economist's Paris bureau chief, dives into the complexities shaping China's economic landscape and the impending French presidential elections. She discusses the slow GDP growth in China, driven by regulatory shifts and a struggling property sector. In France, Petter analyzes Emmanuel Macron's chances for re-election amid unpredictable opposition like Marine Le Pen. The conversation also touches on innovative approaches to enhance meeting efficiency, proposing a jury-style format to spark better decision-making.
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China's Economic Slowdown
- China's GDP growth is slowing, raising concerns about the country's economic recovery.
- Several factors contribute to this slowdown, including the pandemic, power shortages, and property market woes.
Pandemic's Double-Edged Impact
- China's zero-COVID policy has boosted exports due to lockdowns elsewhere.
- However, it has also hampered domestic service sectors like catering and tourism.
China's Power Problems
- China faces power shortages due to various issues, including expensive coal, floods, and safety inspections.
- Efforts to reduce carbon emissions have further limited coal production capacity.