Ep. 5: China's Economic Challenges, Explained
The sizzle has come off of China's decades of economic growth, as the country contends with deflation, slumping consumer confidence, plummeting foreign investment, a cratered urban property sector, high local government debt, overcapacity in manufacturing, and a private sector cowed by government crackdowns, as well as a shrinking workforce and an aging population. For all that, China is still the world's second largest economy, the largest trading partner of most of the world's countries, a...