China’s Economy Hits the Skids

China's economy is facing challenges as exports decline, debt increases, and youth unemployment rises. The country's era of superfast growth may be coming to an end.

July 24, 2023 . 12:10 AM

1 min read

China's exports fell by 12.4% in June.
China added at least $10 trillion more to its debt load than the U.S. between 2012 and 2022.
Youth unemployment in China is at record levels.
China's model of central control hinders its private-sector dynamism.
A secular slowdown in China's growth would have global consequences.