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China’s economy is facing headwinds ranging from an unstable property market to weak consumer demand.
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Experts told Insider that a worsening scenario in China bodes poorly for global markets and other economies like the US.
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Both Janet Yellen and Joe Biden have recently warned of China’s spillover risks.
China has built itself into a world power with a massive impact on the global economy through decades of steady growth, huge trade volumes, and an expanding, productive population.
After President Xi Jinping lifted Beijing’s extreme “zero-COVID” policies in December, experts expected that Chinese demand and business would come roaring back so strong that the entire world economy would feel the effects of its reopening.
But the opposite has happened, and experts…
