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Is China’s Economic Malaise Cyclical or Structural?

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Is China’s Economic Malaise Cyclical or Structural?
A worker welds building material parts at a factory in Nantong, Jiangsu Province, China, on May 16, 2023. STR/AFP via Getty Images
Christopher Balding
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Commentary

The Chinese economy is suffering through a difficult year. After the COVID-19 lockdowns in 2022, analysts widely expected a buoyant 2023 with pent-up consumer demand and real estate to boost China’s economic prospects.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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