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https://www.wsj.com/world/china/china-economy-debt-slowdown-recession-622a3be4


CHINA’S 40-YEAR BOOM IS OVER. WHAT COMES NEXT?


THE ECONOMIC MODEL THAT TOOK THE COUNTRY FROM POVERTY TO GREAT-POWER STATUS
SEEMS BROKEN, AND EVERYWHERE ARE SIGNS OF DISTRESS


A stalled highway construction project in Guizhou province, China. Qilai
Shen/Bloomberg
By Lingling Wei

and Stella Yifan Xie

Aug. 20, 2023 12:01 am ET
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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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