Tyler Le/Insider
We've reached the end of an era for the Chinese economy.
For the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country's capacity to manufacture, appetite to consume, and ability to project power across the world economy. The Chinese Communist Party relentlessly pursued economic development over all else, even when that single-mindedness pushed the party to make debilitating policy mistakes — creating a massive bubble in the property market, sidling provinces with loads of debt, and failing to transition away from an overreliance on investment. There was no time to stop for corrections while China's mind was on money alone.