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China’s Economy Is Struggling—Still Want to Emulate It?

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China’s Economy Is Struggling—Still Want to Emulate It?
A general view shows the body welding workshop which uses automated welding machine robots that assemble automobile bodies called white body (body before painting) at Toyota Motor's Tsutsumi plant in Toyota, Aichi prefecture, on Dec. 4, 2014. Kazuhiro Nogi/AFP via Getty Images
Veronique de Rugy
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Commentary

China’s economy is struggling post-COVID-19. Growth is slower than expected, demographic trends are negative, youth unemployment is high, overbuilding has created a housing crisis and government indebtedness is ballooning. These are only a few of the symptoms ailing the country, and things could get worse. Did any of the Americans who not long ago wanted to implement some of China’s top-down economic policies see this coming? Of course not. We’ve seen these pessimists make similar mistakes before.

Veronique de Rugy
Veronique de Rugy
Author
Veronique de Rugy, Ph.D., is a senior research fellow at the Mercatus Center at George Mason University. She has testified numerous times in front of Congress on the effects of fiscal stimulus, debt, deficits, and regulation on the economy. Previously, de Rugy has been a resident fellow at the American Enterprise Institute, a policy analyst at the Cato Institute, and a research fellow at the Atlas Economic Research Foundation.
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