David Chance: China’s growth miracle is over and it is stuck in a middle-income trap
China's President Xi Jinping has staked his legitimacy and that of the communist party on creating a 'rich and powerful socialist country'. Photo: Lintao Zhang/Getty Images
David Chance
For decades the question has been when China would overtake America to become the world’s number one economy. Now the question being posed is, how quickly will China peak and then decline?
Latest World Business
Barclay family denies threat to Telegraph newspapers from lender
Global wheat price surges after Ukraine dam destruction
US regulator sues Coinbase a day after it took aim at Binance
Hacking spree hits Boots, British Airways and BBC
Global airlines target Europe over green policies
US SEC sues crypto giant Binance over securities law violations
ECB chief Christine Lagarde signals more rate hikes are ahead with inflation still 'strong'
UBS considers delaying results after Credit Suisse rescue
EU baulks at Chinese rules forcing firms to share beauty secrets
Small Irish firms fear loss of contracts from new EU ethics rules
Top Stories
Shame, stigma, losing touch with reality but hope and healing too – what it’s like to live with psychosis
The Indo Daily: Break Point – Tramore Tennis Club turmoil after revelations of coach’s conviction
Fine Gael at war: TD says Paschal Donohoe wasn’t in loop over tax-cut opinion piece because ‘he would have put a stop to it’
Kerry chip shop closes after 43-years – ‘It’s so upsetting saying goodbye to customers’
Latest NewsMore
-
Why Taylor Swift’s relationships invariably mean big business after they hit the buffers
Arctic may have summers with no sea ice sooner than projected – even if emissions are curbed, study finds
Pope undergoes three-hour surgery to repair hernia
Leaving Cert Diary: ‘With a choice of five out of eight poets, surely I’ll be lucky today’
National College of Art and Design opens its doors to showcase future designers
Sinn Féin MEP Chris MacManus brands as ‘disinformation’ a new EU report on foreign interference in European elections
-
Jon Ihle: Crash-haunted Central Bank can’t see true picture of Irish economy
New number plate recognition planned for Dublin Port freight
Fifa’s Qatar World Cup green claims are ruled false and misleading
Health service needed €1.4bn bailout last year – and is already in trouble for 2023