China's Economic Challenges — Consumption Slump and Soaring Local Government Debt

China In Context

With the US imposing new tariffs on Chinese exports, the state of the country’s domestic economy has become all the more crucial. Despite healthy export growth in recent years, at home consumer confidence has plummeted, with rising youth unemployment and a slump in the once booming housing market. Will recent government steps to reassure consumers and entrepreneurs and stimulate property sales be enough to revive the economy? Or does soaring local government debt mean more creative solutions are required?

In this episode, we hear two perspectives on China’s economic challenges — from economist Andy Rothman, founder of Sinology LLC, and Professor Victor Shih, director of the 21st Century China Center at the University of California San Diego, and author of the newly published book, Elite Conflicts and the Path to Economic Decentralization (2025, CUP).

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The views and opinions expressed on this podcast are those of the speakers and are not necessarily those of the SOAS China Institute.
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SOAS China Institute (SCI)

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Music credit: Sappheiros / CC BY 3.0