China’s Economy Is Slowing. Here’s Why that Matters

This was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back to help power global growth. Instead, it’s facing a confluence of problems: Sluggish consumer spending, a shaky property market, flagging exports amid a US drive for “de-risking,” record youth unemployment and towering local government debt. The impact of these strains is starting to be felt around the globe on everything from commodity prices to equity markets. What’s worse, Presi

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