Three Threats to China’s Economy
China's economy is facing serious challenges, reflected in trends like falling fixed-asset investment and rising credit. But many of those challenges can be addressed with one major initiative: reform and restructuring of the state sector.
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SHANGHAI – After a decades-long “growth miracle,” China’s economy has lately become a source of mounting concern. Some factors – from high corporate debt to overcapacity in the state sector – have received a lot of attention. But three less-discussed trends point to still other threats to the country’s economic growth.