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/* Decline of China */
'''China's key economic problems:'''
[[China]]'s economy is facing a number of serious challenges, including:
*[[Chinese real estate crisis (2020–present)]]: A real estate crisis has left developers in ruins, with unsold apartments, failed investments, and huge debts. The property crisis has also affected consumer confidence and local governments' ability to generate funds.
*Slowing growth: China's economy is slowing down, with GDP growth falling behind the government's target. Measures of consumption, factory output, and investment have all slowed more than expected.
*Unemployment: Unemployment is rising, with the urban youth unemployment rate reaching 17.1% in July 2024. See: [[Youth unemployment in China]]
*China's Massive Debt: China's debt hangover is a result of years of inefficient stimulus spending. "Since 2021, the debt-to-GDP has climbed by almost 30 percentage points to 310% of GDP in the second quarter of 2024 — and is set to climb further to 312% by the end of this year, according to Morgan Stanley." ([https://www.cnbc.com/2024/09/16/chinas-local-government-debt-problems-are-a-hidden-drag-on-economic-growth.html#:~:text=Since%202021%2C%20the%20debt%2Dto,year%2C%20according%20to%20Morgan%20Stanley. China Economy: China’s local government debt problems are a hidden drag on economic growth], 2024).
*Consumer confidence: Consumer confidence is sagging, with consumers becoming more frugal.
*Aging population: China's population is aging rapidly.
*Protectionism: President Xi Jinping has provoked a protectionist response from the United States.
== Coming collapse of China forecasts ==
