OpinionThinking About China

China’s Economy Shows Similarities to US in the Great Depression

Signs that all stimulus efforts are failing hint that China faces the crisis of confidence that created America’s Great Depression of the 1930s.
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China’s Economy Shows Similarities to US in the Great Depression
A man standing by a barrier at a complex of unfinished apartment buildings in Xinzheng city in Zhengzhou, Henan Province, China, on June 20, 2023. Pedro Pardo/AFP via Getty Images
Milton Ezrati
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Commentary

China’s economy is beginning to give off signs similar to those seen in the United States during the Great Depression of the 1930s.

Milton Ezrati
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."
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