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Michael Pettis Explains How China’s Changing Economy Will Impact the World

China’s economy emerged from the pandemic much weaker than before. Unemployment is up, exports are down and a burgeoning property crisis is having a devastating impact on local government finances.

These changes in the economy are happening very fast, so quickly that it’s difficult for experts to keep pace with what’s happening, much less among those who don’t closely follow Chinese economic trends — particularly in developing countries.

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The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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