After almost forty years of uninterrupted economic growth, China may face prolonged stagnation. The Wall Street Journal (WSJ) published an article with relevant content.
The authors of the publication expressed confidence that the "Chinese century", the time during which the Chinese economy dominated the world stage, is already coming to an end. For several decades, China invested in building factories, skyscrapers and roads. As a result, the country rose out of poverty and the national economy became one of the largest in the world.
But now such an economic model, as analysts write, has already exhausted itself, and, in fact, does not help the "drowning in debt" state. Also, according to the publication, Beijing is running out of capacity to continue building, and as a result, in some parts of China, bridges and airports are simply idle, and millions of apartments are empty. WSJ summarizes: the return on investment has been sharply reduced.