The New York TimesThe New York Times

Can China export its way out of its economic slump?

By Keith Bradsher

29 Jun 2023 · 5 min read

informed Summary

  1. China is considering using its significant power as an exporter to stabilize its economy, which is currently struggling due to a real estate crisis and weak consumer spending.

SHANGHAI — China dominates the global sale of solar panels and has caught up with Japan as the world’s largest car exporter. It is even gaining in the worldwide sale of low-tech products like shoes.

Now Beijing is weighing whether to deploy its considerable power as an exporter to try to stabilize an economy laboring under distinctly homegrown problems — a real estate crisis and weak spending by consumers still cautious after nearly three years of stringent pandemic restrictions. The decision could reverberate throughout the global economy and provoke a backlash among trading partners that are already under siege by China’s exports.

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