The economic effects of the pandemic obscured the underlying problems, but developments in 2022 underlined the structural nature of China’s slowdown. In its current trajectory, China’s economic growth will continue to grind ever slower.

The economic effects of the pandemic obscured the underlying problems, but developments in 2022 underlined the structural nature of China’s slowdown. In its current trajectory, China’s economic growth will continue to grind ever slower.
During the second quarter of 2023 slow growth has caused the rhetoric around Chinese economic reform to turn more practical, but concrete actions have been insufficient. Without those structural reforms, systemic challenges have grown.