The Cracks in China’s Economy

The Cracks in China’s Economy
An investor watches board showing stock information at a brokerage house in Shanghai on Nov. 24, 2017. (REUTERS/Aly Song
Valentin Schmid
Updated:
News Analysis
The final GDP growth number issued by the Chinese Communist Party after its recent National Congress was, of course, inch-perfect and tailored to expectations. The Chinese economy grew 6.8 percent in the third quarter, providing a nice backdrop for the congress in October. Now that the congress is over, however, and Xi Jinping has strengthened his grip on power, the regime is getting serious about reform, which is unsettling for financial markets.
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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