OnPoint Subscriber Exclusive
The Big Picture brings together a range of PS commentaries to give readers a comprehensive understanding of topics in the news – and the deeper issues driving the news. The Big Question features concise contributor analysis and predictions on timely topics.
Is China’s Economic Miracle Over?
The Big Question is a regular feature in which Project Syndicate commentators provide concise answers to a timely question.
Whether the Chinese economy returns to health after the negative shock of zero-COVID policies is important not only for the country’s consumers and firms and for the global economy. A severe and prolonged downturn could also damage President Xi Jinping’s hopes of securing a third term in office later this year, and undermine the Communist Party of China’s legitimacy.
In this Big Question, we ask George Magnus, Eswar Prasad, Nancy Qian, and Angela Huyue Zhang whether Chinese policymakers will be able to engineer a strong economic rebound.
