"Assessing China's Economy: Stagnation, Troubling Data, and Flawed Recovery"

Nobel economist Paul Krugman warns that China is entering an era of stagnation and disappointment due to its unsustainable economic model, characterized by ultra-low consumer spending and heavy reliance on investment. He compares China's situation to Japan's economic struggles in the 1980s but expresses concern that China may not emerge as unscathed. Krugman attributes part of the problem to President Xi Jinping's interventions and emphasizes the need for China to address its economic woes without resorting to military adventurism.