Commentary
China’s economy is suffering from hidden debt, industrial overcapacity, and a renewed expansion of the same central planning policies that created these problems in the first place.
Thinking About China
Opinion
The CCP Is Crushing China’s Industrial Output
Behind the impressive record of rapid industrialization lies a system distorted by state subsidies, overregulation, and artificial incentives.
Employees work on a production line of an electric car charging station at a factory in Ruichang, in central Jiangxi Province, China, on July 9, 2025. STR/AFP via Getty Images
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
