What China’s economic troubles mean for the world
Pain for Elon Musk; relief for Jerome Powell
Only eight months ago China’s economy was expected to roar back to life. Zero-covid had been abandoned; the country’s shoppers and tourists allowed to roam free. Yet the rebound has fizzled out, with weak growth and deflation the result. This will not only affect its people. What happens in the world’s second-largest economy matters beyond its borders, too.
This article appeared in the Finance & economics section of the print edition under the headline “Aftershocks ”
Finance & economics August 26th 2023
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From the August 26th 2023 edition
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