Beijing Tea Leaf Reading Suggests Economic Downturn Likely

Men ride bicycles past construction sites near the headquarters of China's Evergrande Group in Shenzhen, Guangdong Province, China, on Sept. 26, 2021. Reuters/Aly Song

Commentary

China’s “economic miracle” looks poised to be in the rearview mirror, as Party leaders appear to be preparing the country for a period of slowing growth going forward.