OpinionThinking About China

China’s Famous New Plan Has Begun to Stifle Growth

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China’s Famous New Plan Has Begun to Stifle Growth
The construction site of an Evergrande housing complex is seen in Zhumadian, central China's Henan Province, on Sept. 14, 2021. Jade Gao/AFP via Getty Images
Milton Ezrati
Updated:
Commentary

As readers of this column ought to know, China’s economy has a lot going against it these days. Prominent among its growth impediments are COVID-19, aging demographics, and a shift in the West to source in other economies.

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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