Q. What are major threats to China's economy and their potential impact on China's political stability?
Replied by Dr Teshu Singh
In January 2018, Liu He (Vice Premier of China) while speaking at the World Economic Forum had mentioned about the ‘Three Critical Battles’. They are; preventing and resolving the major risks, conducting targeted poverty reduction and controlling pollution. The other threats to the Chinese economy are a middle-income trap, declining demographic dividend, US-China trade dispute and reshaping the Chinese economy post-COVID-19.
China is the second-largest economy, the largest exporter and has the largest foreign exchange reserves in the world. In 2019, the economic growth of China has gone down, it was 6.1 per cent against 6.8 per cent in 2018. The C..