For years, the Chinese economy seemed unstoppable. Now people are spending less, the all-important housing sector is in a downturn and a further trade conflict with the United States looms on the horizon. DW Business speaks with George Magnus, former chief economist at UBS and the author of a book titled ‘Red Flags – Why Xi`s China is in jeopardy’ about how Xi Jinping is responding to the economic crisis, and whether his stimulus measures will be effective in addressing the economy’s structural challenges.
Chapters:
0:00 George Magnus
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