Over the past few decades, China has transformed itself into an economic powerhouse, where double-digit growth was the norm.
The once red hot engine of growth is now starting to cool down. According to official figures, GDP grew by 6 percent in the last quarter.
Experts said this is due in part to the ongoing trade war with the United States and increasing domestic challenges at home.
So is it time to sound the alarm bells, or is it just business as usual for the world’s second-largest economy?
To discuss all of this:
- John Gong is a professor of Economics at the University of International Business and Economics.
- Ralph Winnie is director of the Eurasian Business Coalition’s China program.
- Yan Liang is an associate professor of Economics at Willamette University.
- Ravi Ramamurti is a distinguished professor of International Business & Strategy and Director of Northeastern University’s Center for Emerging Markets.
— Global Times (@globaltimesnews) October 23, 2019
Chinese Vice Premier Liu He said that the sound fundamentals of the Chinese economy have not changed and China is fully confident and capable of realizing macro-economic growth target. #WIC2019 https://t.co/muxHLnS8Pq
— China Plus News (@ChinaPlusNews) October 20, 2019