Is China's Economic Miracle Over? | China Considered | Hoover Institution

Podcast: China Considered · Hoover Institution

Opublikowano: 2026-09-10

In a new episode of China Considered, Elizabeth Economy sits down with Logan Wright, partner at Rhodium Group and author of the forthcoming book Broken China: How the Economic Miracle Shattered and What It Means for the World (Polity, 2026), to reconcile the competing narratives about China’s economy: inexorable rise, “K-shaped” growth, or “peak China.” Wright argues that the financial system that once fueled China’s growth now constrains it—after the largest single-country credit expansion in more than a century, Beijing keeps rolling over loans to unproductive state firms rather than absorbing losses, leaving it unable to fund the sectors th...