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The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. Instead, it stalled to the point where it’s being called a “drag ...

The news about China’s economy over the past few weeks has been daunting, to put it mildly. The country’s growth has fallen from its usual brisk 8 percent annual pace to more like 3 percent.

China also released strong trade data for the month of May, after a slump in April. The country’s exports jumped 16.9% in May from a year ago, compared with only 3.9% growth in April.

The country could see its potential economic output halved by mid-century amid a flagging birthrate and aging workforce.