China's property meltdown has since 2021 destroyed around $18 trillion of Chinese household wealth, according to an estimate by Barclays, eclipsing the losses suffered by Americans in the financial crash of 2008-09.6 days ago
China’s Economy Is Burdened by Years of Excess. Here’s How Bad It Really Is.
Overindebtedness, overbuilding and overcapacity are causing problems at home and abroad.
By Jason DouglasFollow
and Ming LiFollow
Updated Jan. 1, 2025 at 12:09 am ET
https://www.wsj.com/world/china/china-economy-excess-debt-gdp-46c69585
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