Beyond U.S. tariffs, the deeper economic drag in China is domestic: weak demand, a deflationary price war, debt laden local governments mortgaging assets, and collapsing trust between private business and the state.
Author: Franka Lu
Franka Lu is the pseudonym of a Chinese journalist and entrepreneur. She works in China and Germany. For ZEIT-ONLINE, she reports critically about life, culture and everyday life in China. To protect her professional and private environment, she writes under a pseudonym.
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