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China's Long Economic Slowdown.

  • Published In: Dissent (0012-3846), 2025, v. 72, n. 2. P. 103 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Hung, Ho-fung 3 of 3

Abstract

The China boom has ended. The country's annual economic growth rate has decelerated from a height of more than 14 percent in 2007 to less than 6 percent in 2023. Total indebtedness (including both internal and external debt) surpassed an alarming 365 percent of GDP as of the first quarter of 2024, according to the Institute of International Finance—much higher than comparable middle-income countries like Brazil (208 percent), Argentina (152 percent), and Indonesia (86 percent). The collapse or near-collapse of real estate giants like Evergrande, which just a few years ago was the poster child for China's economic miracle, is just one example of the country's economic difficulties. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Dissent (0012-3846). 2025/04, Vol. 72, Issue 2, p103
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:0012-3846
  • DOI:10.1353/dss.2025.a960002
  • Accession Number:185450487
  • Copyright Statement:Copyright of Dissent (0012-3846) is the property of University of Pennsylvania Press and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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