China’s economic troubles highlight the substantial debt accumulated by its authorities, making it more challenging for Beijing to revive the economy.
Men working at a complex of unfinished apartment buildings in Xinzheng city in central Henan Province, China, on June 20, 2023. Pedro Pardo/AFP/Getty Images
China’s economic troubles have, in many ways, emerged from past policy blunders. Take, for instance, the stubborn and headline-grabbing property crisis. The economic and financial ills have flowed directly from three grave policy mistakes.
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
