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Aug. 26, 2023, 6:06 a.m.
China's Economy Is Worse Now Than in the 1970s, This Analyst Says
China's Economy Is Worse Now Than in the 1970s, This Analyst Says
['China', 'economy', 'debt', 'crisis']

Charlene Chu, senior analyst at Autonomous Research, talks to Barron's about China's ailing economy, high debt, troubled real-estate market, and opaque banking system.

China's Economy Is Worse Now Than in the 1970s, This Analyst Says

This copy is for your personal, non-commercial use only. China's property developers are under duress again, re-igniting concerns about a debt crisis. With a faltering economy and diminished confidence among households and companies, China debt watcher Charlene Chu, senior analyst at Autonomous Research, worries the ingredients are there for a broader financial crisis for the first time. Zhong Weiyi, who owns an auto dealership just outside the sprawling western city of Chengdu, China, isn't feeling very confident about the country's economy.

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