From Boom To Gloom: China's Economic Momentum Dips

Forecasts for China’s 2023 and 2024 economic growth have been slashed on Wall Street over the past few weeks. The world’s second-largest economy now risks missing Beijing’s own growth target for a second straight year and could expand at a sub-5% pace for three years in a row — something unheard of since the death of Mao Zedong in 1976. Stalling growth will surely have longer-term geopolitical implications. Odds are stacked against President Xi, who pledged last year to make China a “medium-developed country”…