000			01213nam a22001457a 4500
999			_c527818 _d527818
008			240926b ||||| |||| 00| 0 eng d
100			_aLiu, Zongyuan Zoe _958572
245			_aChina’s real economic crisis: Why Beijing won’t give up on a failing model
260			_aForeign Affairs
300			_ac
520			_aThe Chinese economy is stuck. Following Beijing’s decision, in late 2022, to abruptly end its draconian “zero COVID” policy, many observers assumed that China’s growth engine would rapidly reignite. After years of pandemic lockdowns that brought some economic sectors to a virtual halt, reopening the country was supposed to spark a major comeback. Instead, the recovery has faltered, with sluggish GDP performance, sagging consumer confidence, growing clashes with the West, and a collapse in property prices that has caused some of China’s largest companies to default. In July 2024, Chinese official data revealed that GDP growth was falling behind the government’s target of about five percent.- Reproduced https://www.foreignaffairs.com/china/chinas-real-economic-crisis-zongyuan-liu
773			_aForeign Affairs
906			_aINTERNATIONAL RELATIONS
942			_cAR