How to fix China’s economic malaise
A few months ago, China’s economy was humming along.
But it’s slowed down, and the country’s manufacturing sector is shrinking.
Some of that is because of China’s ambitious plans to boost exports to a global market and boost domestic consumption, which could put further strain on the economy.
But some of it is also because of the massive, sweeping trade restrictions and restrictive investment rules imposed by Beijing in recent years.
China has become the world’s largest importer of steel and other raw materials and has become increasingly reliant on imports of Chinese-made goods, which have fallen in price, in part because of its reliance on overseas Chinese goods.
That’s led to China’s trade deficit rising from $11.5 billion in 2016 to $18.5 in 2017.
It has been the fastest growing trade deficit in the world since the end of the 2008 financial crisis, growing at a rate of 1.4 percent a year, according to the Organization for Economic Cooperation and Development.
As a result, China is now importing more than any other country in the G7.
China is also growing at its slowest pace in decades, but that has slowed to about 1.5 percent a decade ago, according the Organization.
There are some things China can do to slow down its trade deficit, including increasing imports and making more investments to boost domestic demand.
There’s a broad consensus that the country needs to diversify its economy, including by diversifying its manufacturing, but the country has also adopted policies to make that more difficult.
The biggest piece of advice for China would be to diversified.
China needs to import more than it exports, but it needs to reduce the number of goods it imports.
And it needs more investment in China.
There is also a consensus that if China were to adopt more restrictive policies, such as increasing tariffs and import quotas, that would lead to slower growth and greater economic slowdown, as well as potentially more jobs losses, said Kevin Goss, a fellow at the Peterson Institute for International Economics.
But that’s not necessarily the case.
The country has been growing at nearly the same rate for two decades.
In 2016, China accounted for about 9.2 percent of the world economy, according a Pew Research Center study.
In 2017, China was up to 13.2 per cent of the global economy.
That puts it far ahead of most emerging markets, including those that are struggling, such for Brazil, Indonesia and Mexico.
The U.S. has long been a major trading partner for China, and has grown to a net exporter of goods and services, including services such as automotive, aerospace and pharmaceuticals.
But the United States has slowed down to the point that it no longer has a significant trade surplus with China, which has seen its economic growth decline over the last several years.
In fact, China has now been outpaced by India as the largest economy in the global G7, according for the Organization of Economic Cooperation & Development.
China exports $2.9 trillion worth of goods to the United Kingdom and $1.9 billion to Japan.
It is also the biggest exporter to India, which accounts for about $600 billion of China goods.
The United States is the third-largest export market for Chinese goods, with $838 billion worth of products.
But U.K. exports to China are growing at just 2.5 per cent a year.
And Japan, India and Mexico are growing faster than the United State, which grew by 2.7 per cent in 2016.
China also has the biggest trade surplus of all major economies.
In the first quarter of 2017, it had a trade surplus worth $13.2 trillion.
But in the first nine months of this year, it grew at only 2.4 per cent, the worst performance since 2013.