Thinking About China
Opinion

China’s Economy Weakens: COVID-19 Yes, but Also More Fundamental Growth Impediments

China’s Economy Weakens: COVID-19 Yes, but Also More Fundamental Growth Impediments
The Lianyungang Port Container Terminal in Jiangsu Province, China, on March 24, 2021. Hector Retamal/AFP via Getty Images
Milton Ezrati
|Updated:
Commentary

The latest news out of China shows an economy in decline. Crucial August measures of both industry and services confirm the fact. No doubt, much in the setback reflects the early summer rise in COVID-19 infections and the subsequent lockdowns imposed by Beijing’s “zero-tolerance” policies.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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