Beijing's ambitious plans to become an innovation powerhouse have produced mixed results.
A robot is displayed at the World Robot Conference in Beijing, China, August 18, 2022. Credit: Anna Ratkoglo/Sputnik via AP Photos
Asia is slowing down. Growth will struggle to top 4 percent in 2022, with China growing at under 3 percent. Given that China has been the most powerful locomotive of Asian growth in recent decades, the implications of this are highly significant, not least for the world economy.
Most explanations for the slowdown have focused on short-run pressures from China’s zero-Covid policy and the unfolding fall in real estate values. The implications for financial and government institutions’ balan
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After years of planning and investment, robotaxis are finally hitting the road in China. Accidents and the impact of self-driving vehicles on employment remain concerns, but the government remains committed to developing the industry into a global leader.
China’s five-year long property market woes have transformed the sector, but there are signs the government is determined to arrest the slide this year.
The economist explains why local governments’ debt woes are the key to China’s economic issues, and why the country could do with more Taylor Swift concerts.
Now on podcast platforms everywhere, The Wire China hits the airwaves to take you behind the scenes of the stories we cover each week. We are dedicated to understanding and explaining one of the biggest stories of our time: China’s economic rise and its influence on the world.
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