Commentary
While Beijing brags that China has held up well economically despite the pressures imposed on it by Washington, news from local governments suggests that not all is well.
Thinking About China
Opinion
While Beijing Claims China Has Held Up Well, More Signs of Financial and Economic Strains Emerge
Local governments are severely strapped for funds, as are many state-owned enterprises, and they are struggling to meet their obligations.
Chinese made cars for export are seen at a port in Shanghai on April 17, 2025. China OUT via Getty Images
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."
