What Does China’s Economic Slowdown Mean for the World?
CAPS faculty member, Professor Jeremy Wallace, writes that China's economy is experiencing a significant slowdown, underscored by unstable property markets and decreased value in currency and exports. This slowdown, attributed to strict debt-limiting policies and a transition from a zero-Covid approach, is impacting global markets.
However, it's a slowdown, not a collapse.
Notably, China's automotive sector is bucking the trend, leading the world in auto exports and electric vehicle advancements. China remains pivotal in global clean tech industries and continues to adapt to internal structural changes.
Read more at https://goodauthority.org/news/what-chinas-economic-slowdown-means-for-the-world/
