Biggest News Aggregation in the World
📰 William Hurst News

Page 3 - William Hurst News Today

Fast, Ad-Free News Updates

Stay updated with breaking news from William Hurst. Real-time updates on events, politics, business and more.

Stay Updated with Latest News

Get breaking news updates delivered to your inbox

Browse All News →

china economy: Why Xi's Chinese miracle was just a mirage and how the big economic bubble may go bust

Chinas economic transformation towards a free-market economy driven by services and consumption has failed to materialize, leaving the economy reliant on outdated policies. This has worsened issues of debt and industrial overcapacity, leading to concerns about Chinas economic future. Experts warn of a potential financial crisis looming over China, with some predicting a slow drift towards stagnation similar to Japans experience.
Chong Hua United Kingdom William Hurst Chong Hua Professor Of Chinese Development University Of Cambridge President Xi Jinping

Analysis-Part of China's economic miracle was a mirage. Reality check is next

Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries - however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China's massive debt pile and industrial overcapacity. T...
Chong Hua Alicia Garcia Herrero Kevin Yao Max Zenglein William Hurst Liangping Gao
Source: yahoo.com

Explore More Categories

World News India News Business Technology Sports Entertainment Health Science