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China’s financial issues are rising: an actual property sector that’s going bankrupt, too many unemployed younger employees and, remarkably, folks saving an excessive amount of. And, because the Nobel Prize-winning economist and Opinion columnist Paul Krugman argues on this audio essay, the Chinese language authorities’s reluctance to encourage spending might make issues worse.
How did one of many world’s largest economies get right here? And what’s subsequent?
(A full transcript of this audio essay shall be out there noon on the Occasions web site.)
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This Opinion Quick was produced by Sophia Alvarez Boyd. It was edited by Kaari Pitkin. Mixing by Pat McCusker. Unique music by Carole Sabouraud and Pat McCusker. Truth-checking by Mary Marge Locker and Kate Sinclair. Particular because of Kristina Samulewski, Shannon Busta and Annie-Rose Strasser.
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