Tech Insider : Economy, Politics
Xi Jinping portrait cracking with yellow background
China has reached the end of its economic boom. What comes next should worry every American business — and the rest of the world.

We've reached the end of an era for the Chinese economy.

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china xi jinping
Chinese President Xi Jinping speaks to Gabon's President Ali Bongo Ondimba (not pictured) during a meeting in the Great Hall of the People in Beijing, China December 7, 2016.
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US Capitol building
Caution tape blows in the wind on the east front plaza of the U.S. Capitol Building on September 27, 2023 in Washington, DC. House Speaker Kevin McCarthy (R-CA) continues to have difficulty finding a legislative path that would prevent the federal government from partially shutting down at midnight on September 30 and would also not jeopardize his speakership.
Tech Insider : Economy
A residential area of Country Garden in Nanjing, Jiangsu province, China.
Country Garden is among China's largest real-estate developers.
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Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
An aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, on Aug 28, 2023.
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Confused, worried trader
Borrowing costs for S&P 500 firms have jumped around 40 basis-points year-per-year in 2023, Goldman data shows.
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Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
Tech Insider : Economy, Economy
Aerial photo taken on September 15, 2023 shows a commercial residential property under construction in Qingzhou City in August.
There's a major oversupply problem in China's property market.