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China’s Rising Debt Problem Reveals Systemic Weakness

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China’s Rising Debt Problem Reveals Systemic Weakness
A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters in Shenzhen, Guangdong Province, China, on Jan. 10, 2022. The debt crisis engulfing the Chinese real estate sector is threatening to upend developers' burden with billions in unpayable debt. David Kirton/Reuters
Milton Ezrati
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While commentators obsess about American weakness and worry about how Russia and China will divide up the world, China has its own problems, primarily an ever-growing burden of unpayable debt.

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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