Scaffold 1:
Slowing Economic Growth in China e.g. causes and consequences
- middle income trap
- Consumer confidence is weak due to high youth unemployment, weak property sector, and geopolitical tensions
- Youth unemployment is high
- at 20% among 16-24 year olds
- Local government debts are large and some are struggling to repay
- estimated to be as high as $US10 trillion, constraining infrastructure spending
Recent policy responses e.g. decision not to stimulate and why
The sources and relevance of debt in China
The role of de-globalisation (e.g. the geo political trend of the west to reduce dependence on China)
Sources