Chinese Economy: A New Reality
NEW DELHI: If there is one wrinkle to Xi Jinping’s third term it is the Chinese economy. The combination of the covid-19 pandemic and the seismic geopolitical shifts have hurt the economy. It has most certainly lost its juggernaut-like momentum. The big question is whether the sharp slowdown could unleash a fresh set of challenges. A similar question mark hangs over the property sector, which accounts for a third of the Chinese economy. How will a generation of Chinese who have seen only good times deal with the sudden reversal in economic fortunes? To answer this and more we spoke to Richard Martin, IMA Asia. Prior to setting up IMA Asia, Richard was the unit director for the Economist Intelligence Unit in Southeast Asia.