Communist Party leaders are meeting in Beijing this week to map out China's economic strategy for the next five years -- doubling down on ambitious plans to dominate high-tech industries and raise the country's geopolitical heft.
OK, from what I have heard, China's economy has two distinct parts.
The internal economy, i.e., the people of China doing things liek spending money.
The external economy, i.e., other countries buying Chinese goods.
OK, with that distinction n mind, the internal economy looks to be having some significant difficulties.
China's Economy Has A Few Major Problems
www.yardeniquicktakes.com
... China's economy is struggling with excessive debt, deflation, excess capacity, and a rapidly aging population.
China continues to rely on exports to support economic growth. China has been increasingly accused of dumping its excess production in world markets. This is exacerbating trade frictions, especially with the US. ...
... China continues to rely on exports to support economic growth. ...
Yup.
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