The Big Picture
Vincent Boland: Trouble in China could signal problems for the global financial system
For two decades the world’s second largest economy has seen relentless growth but now it appears to be stalling – or worse, its boom could be over entirely
For the past 20 years, as the world stumbled from war in Iraq to a global financial crisis, to a technology-led investing bubble to yet another war, this time in Ukraine, there was one constant factor in the story of the global economy – the relentless, unstoppable rise of China.
After it joined the World Trade Organisation (WTO) in 2001, communist China underwent a capitalist revolution. Its economy opened up to outside investment, exports surged, ...
