China's Growth Woes and Global Trade Imbalances: A Complex Web of Challenges China's economic slowdown has been a subject of concern for global policymakers and business leaders in recent years.
The country's growth rate, which had averaged around 10% per annum from 2000 to 2010, has slowed down significantly since 2014, with the World Bank forecasting a growth rate of around 6. 2% in 2023.
The underlying factors contributing to China's slowing growth rate are far more complex and multifaceted than a simple decline in economic momentum.