Fastest sustained Growth of any Major Economy ever Recorded
China managed the fastest sustained growth of any major economy ever recorded – catapulting it to second place behind the United States.
But today, its GDP growth is at near-historic lows. For the first time in two decades, its output fell behind that of the rest of Asia. Analysts believe that even the end of Zero Covid won’t signal the revival of Chinese economic growth as we know it.
In this video, we look at the economic headwinds the country is facing – and what they mean for Beijing’s race to becoming the world’s biggest economy.
Chapters
00:00 Introduction
02:00 Economy today & Zero Covid
03:31 History of economic rise
05:50 Mountain of Debt
11:15 Lack of Consumption
14:14 Demographic Change
17:55 International threats
21:42 Conclusion
Credit to : DW News