Fri 27 Dec 2024 ▪
4 min read
▪
by
China, long seen as the unwavering engine of the global economy, is currently undergoing a major crisis. Years of double-digit growth, which symbolized its rapid ascent, have given way to a period of deep economic uncertainties. The fragility of its economic model, primarily based on investment and exports, is becoming increasingly evident. Issues such as the rise of public and private debts, the collapse of the real estate sector, and the emergence of the specter of deflation are exacerbating internal economic tensions. These dysfunctions raise a fundamental question: after decades of development often described as miraculous, can the Middle Kingdom still sustain its role as a pillar of global growth?
