China's Zombie Economy
Clickbaity title. The article is not bad, but he doesn&#x27;t explain why the declining growth rate is &quot;the logical outcome of China’s uneven development and capital accumulation over the last four decades.&quot;<p>I&#x27;m still not sold on the &quot;China is dying&quot; theory. China&#x27;s GDP per capita is the same as Japan&#x27;s when it entered single digit growth in 1970.[0][1] Those numbers surprised me, though, and may be too low wrt Japan. I think the aging demographic is a greater issue than the ones listed in the OP; economic activity can always be restarted given the underlying conditions are there, which is the case for China in general in my opinion. Demography is destiny, however, and cannot be escaped. The One Child Policy was a mistake for the economy.<p>[0]<a href="https:&#x2F;&#x2F;data.worldbank.org&#x2F;indicator&#x2F;NY.GDP.PCAP.KD.ZG?locations=JP" rel="nofollow noreferrer">https:&#x2F;&#x2F;data.worldbank.org&#x2F;indicator&#x2F;NY.GDP.PCAP.KD.ZG?locat...</a><p>[1]<a href="https:&#x2F;&#x2F;data.worldbank.org&#x2F;indicator&#x2F;NY.GDP.PCAP.KD?locations=JP" rel="nofollow noreferrer">https:&#x2F;&#x2F;data.worldbank.org&#x2F;indicator&#x2F;NY.GDP.PCAP.KD?location...</a>