As China’s economy stumbles, should the rest of the world worry? | Counting the Cost

China has been described as the world’s factory and the engine of global growth. Its economic rise was once seen as unstoppable. Then came COVID. Slowed by three years of strict lockdowns, the Chinese economy was expected to roar back in 2023; instead, factories are slowing down, consumer prices are falling, real estate is in crisis and exports are in a slump. The grim data indicates a serious economic slowdown, so much so that United States President Joe Biden has described China as a “ticking time-bomb“. Elsewhere, BRICS is expanding. But is bigger stronger? Plus, is Sri Lanka’s economy on the mend? Subscribe to our channel Follow us on Twitter Find us on Facebook Check our website: Check out our Instagram page: Download AJE Mobile App: @AljazeeraEnglish #Aljazeeraenglish #News