Is China’s Economic Miracle Coming to an End?

China’s rise has been among the most consequential economic events of the past half century. Before the reforms begun by Deng Xiaoping in the late 1970s, China was among the poorest nations in the world. The transformations over the past 45 years have made it a central player in the world economy. But in the last few years, the Chinese juggernaut has stalled. And while many economies slowed during the COVID pandemic, the downturn in China has been especially acute. 

 

Will the Chinese economy rebound? Adam Posen joins EconoFact Chats to share his thoughts on this and other issues, drawing on his latest Foreign Affairs article ‘The End of China’s Economic Miracle.’ 

 

Adam is the President of the Peterson Institute for International Economics.