Scholar Anne Stevenson-Yang claims China's economy faces a "dead-end" due to export-driven growth, leading to weak domestic demand, slowing growth, and potential trade tension.
China's economy faces a "dead-end" due to relying on exports to boost growth, claims scholar Anne Stevenson-Yang. She suggests Beijing's policies have created a weak domestic consumer demand and slowing growth. The expert predicts more tension between China and its trade partners as cheap manufactured goods continue to flood global markets, potentially impacting American businesses and workers.
May 11, 2024
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