China’s 40-Year Boom Is Over. What Comes Next?

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Stella Yifan Xie

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For decades, China powered its economy by investing in factories, skyscrapers and roads. The model sparked an extraordinary period of growth that lifted China out of poverty and turned it into a global giant whose export prowess washed across the globe.

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.css-tuctgt-AuthorLink{color:var(--interactive-text-color);font-style:var(--font-style-italic);}.css-tuctgt-AuthorLink:hover{-webkit-text-decoration:none;text-decoration:none;} Lingling Wei .css-kx7fw8-FollowButton{display:inline;margin:0 8px;}.css-kx7fw8-FollowButton ufc-follow-author-widget:not(.hydrated){display:inline-block;width:60px;} Stella Yifan Xie. Listen to article. (2 minutes) For decades, China powered its economy by investing in factories, skyscrapers and roads. The model sparked an extraordinary period of growth that lifted China out of poverty and turned it into a global giant whose export prowess washed across the globe. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8. Continue reading your article with a WSJ subscription. Subscribe Now. Already a subscriber? .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;} Sign In.