The Washington PostThe Washington Post

China's economic woes may leave U.S. and others all but unscathed

By David J. Lynch

04 Sep 2023 · 6 min read

informed Summary

  1. China's economy, once a formidable growth engine, has faltered, largely due to its struggling, debt-laden property sector. However, economists predict that China’s economic slowdown will only slightly affect global growth.

Judith Marks, the chief executive of the elevator maker Otis Worldwide, returned in April from a 10-day trip to China saying "all signals look positive" for the country's recovery from its draconian covid lockdown.

Almost immediately, the economic outlook began to darken.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content