China In Context

China’s problems with faltering growth and rising debt

August 02, 2022 SOAS China Institute Season 2 Episode 76
China In Context
China’s problems with faltering growth and rising debt
Show Notes

One of the loudest messages from the Chinese Communist Party is that it has delivered wealth to citizens by creating an environment in which the economy grows and thrives. However, as a result of the zero-Covid policy and other factors, the economy has hit the buffers. Gross domestic product rose just 0.4% year-on-year in the second quarter of 2022 missing expectations and suggesting a recession could be on the way in parts of China such as Hong Kong and Shanghai. In this podcast, Paul Hodges from New Normal Consulting considers China’s economic outlook with host, Duncan Bartlett.