What might save China's economy

或许能够拯救中国经济的是什么

The Indicator from Planet Money

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2025-03-18

9 分钟
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China has set out its target for economic growth this year: around 5 percent. That's a hefty goal for a nation coming off a painful real estate slump. But leaders have their eyes set on other industries to help its economy grow. Today, we dig into the headwinds and tailwinds facing China's economy. Related episodes: The mess at the heart of China's economy (Apple / Spotify) The race to produce lithium (Apple / Spotify) What's really happening with the Evergrande liquidation (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • NPR.

  • This is the indicator from Planet Money.

  • I'm Darian Woods.

  • In 2011,

  • Goldman Sachs predicted China would seize America's crown for the world's biggest economy by 2026.

  • A couple of years ago, Goldman Sachs pushed that date back.

  • 2035 was when China would become Dominan.

  • But since then, China's faced economic hurdles.

  • Some people are now questioning whether China will ever have an economy larger than the U.S. and this matters.

  • One sixth of all the world's economic activity happens in China.

  • Whoever has the largest economy can afford the largest military.

  • They can sweeten more alliances and have a larger say in how the world is run.

  • As the world's number two economy,

  • China's growth directly challenges US Dominance and help us figure out how fast China might grow or not.

  • We have NPR's China correspondent John Ruich.

  • Welcome, John.

  • Hey, great to be here, Darian.

  • So China just wrapped up its annual session of Parliament, the National People's Congress.

  • And this is a once a year opportunity to take the pulse on what China's leaders are thinking about the economy.

  • One big announcement at the start of the event