Latest Issue

Is everything going wrong for China?

Slower economic growth, looming bad loan problems and pressure on party officials are all causes for concern

By George Magnus  

Chinese New Year decorations in Shandong Province show Mao Zedong (left) and Xi Jinping, February. © Reuters/Stringer

Trying to get a handle on what’s going on in the Chinese economy is becoming increasingly difficult—and necessary. Back in September, The US Federal Reserve decided to back away from raising interest rates as it had forewarned, largely because of turbulence surrounding Chinese financial markets and uncertainty about the economy. Mario Draghi has articulated the ECB’s…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect