Huge debt overhang, much of it “hidden” that is dragging down growth
The real estate problem still isn’t solved and a big reset of prices is going to have a big impact on the economy
China placed a big bet on “key industries” under the theory “supply first then we find demand” which isn’t panning out well with tariffs
This is showing up in the stock market which rent saw a 50% decrease
And economic growth has been a weak 5% when they need 9-11% if they hope to avoid the middle income trap
All while the population is rapidly aging and shrinking at the same time