Is China's Economy In Deep Trouble?

CNN: China’s economy is ‘in deep trouble’ as Xi heads for next decade in power  

Hong Kong CNN Business — When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. 

It has grown at a phenomenal pace since then. With an average annual growth rate of 6.7% since 2012, China has seen one of the fastest sustained expansions for a major economy in history. In 2021, its GDP hit nearly $18 trillion, constituting 18.4% of the global economy, according to the World Bank.

China’s rapid technological advances have also made it a strategic threat to the United States and its allies. It’s steadily pushing American rivals out of long-held leadership positions in sectors ranging from 5G technology to artificial intelligence.  

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WNU Editor: I lived and worked in China in the 1980s. I have traveled to the country more times than I can remember. I am someone who follows very closely its economy and government. China's economy has hit a road-bump, but it is still growing and expanding. But the U.S. - China trade war has now become a Cold War, and one that the U.S. is determined to win .... The U.S.-China Trade War Has Become a Cold War (Yukon Huang, Carnegie Endowment for International Peace). 

Update: The Chip War between the U.S. and China is intensifying .... The US government's new export controls are wreaking havoc on China's chip industry.