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The End of China’s Economic Miracle
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The End of China’s Economic Miracle

How Beijing’s Struggles Could Be an Opportunity for Washington

Adam S. Posen
Foreign Affairs, 2023
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Editorial Rating

9

Qualities

  • Analytical
  • Well Structured
  • Background

Recommendation

The Chinese Communist Party is increasingly managing China’s economy via diktat, writes economist Adam S. Posen in this enlightening essay. He notes the long-term risks of this conduct for the global and Chinese economies: Excessive interference has reduced the ordinary Chinese citizen’s willingness to invest and spend locally, and simmering discontent, Posen predicts, could push more investment overseas, to other nations’ benefit. Executives, investors and students of political economy will find this an intriguing look at one aspect of China’s emerging economic challenges.

Take-Aways

  • After its rebound from the COVID-19 pandemic, the Chinese economy has slumped.
  • An officious Chinese Communist Party hinders the nation’s economic recovery.
  • A prolonged downturn in China affects the global economy.

About the Author

Adam S. Posen is the president of the Peterson Institute for International Economics.

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