China continues to face economic challenges, with Beijing responding inadequately to setbacks, leading to more bad news and insufficient policies.
Migrant workers standing near signs advertising their skills as they wait by a street to be hired in Shenyang, in northeastern China's Liaoning Province, on Feb. 26, 2023. STR/AFP via Getty Images
If China’s economic prospects were not so ugly and dispiriting, the story would be boring. Like a series of B-movie sequels, the pattern has repeated since 2021, when the failure of the huge developer Evergrande inaugurated China’s long-lasting property crisis.
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."
