China at a crossroads

Rising giant stumbles over its own problems

China is focusing on electric cars, but is being held back by the West. One of the many problems facing the Chinese economy.(Bild: AFP/APA/STR)

For four decades, China's constant economic growth has brought worry lines to the faces of the Western world. Now, however, the Asian giant is threatening to stumble. Expert Thomas Eder explains why China's economy is in danger and what measures President Xi Jinping is taking to counter this.

In 2021, the Chinese economy grew by 8.4 percent, and one year later by three percent. Figures that people in the West can only dream of. And yet the financial markets are in turmoil. Not since 1976 has the economic growth of Asia's giants been as low as it is now. And other parameters also indicate that Xi Jinping's economic miracle will soon come to an end. An end that would also bring the rest of the world into a state of imbalance.