What’s driving China’s growth slowdown?

China was one of the few large economies to record growth during the pandemic crisis in 2020, but momentum has weakened in recent months. The loss of economic momentum comes as China has imposed strict COVID-19 lockdowns in some regions and its property sector is in the doldrums. What’s behind the recent slowdown and how is the world’s second-largest economy addressing its growth challenges? What is the effect on other economies? And how will the government’s pledges on multiple policy fronts – from reducing leverage to narrowing income inequality and accelerating the shift toward clean energy – reshape China’s economy over the long term?

Guests: Gene Fang, Associate Managing Director – Sovereign and Sub-Sovereign, Moody’s Investors Service, and Michael Taylor, Managing Director – Credit Strategy, Moody’s Investors Service.

Host: Jennifer Wong, Vice President – Senior Credit Officer, Sub-Sovereign Group, Moody’s Investors Service.

To read more on this topic, visit The Big Picture page on Moodys.com (some content only available to registered users or subscribers).

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