Thinking About China
Opinion

US Federal Reserve Analysis Reveals the Depths of China’s Economic Problems

A study by the Fed that sought to verify Chinese official statistics reveals insights into China’s future challenges.
US Federal Reserve Analysis Reveals the Depths of China’s Economic Problems
Shoppers walk on a street at a shopping district in Shenzhen, China, on April 3, 2025. Getty Images
Milton Ezrati
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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.”