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Gordon Chang: China's Economy Facing Serious Trouble.

July 26th,

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Renowned China expert and Gatestone Institute senior fellow Gordon Chang has raised concerns over the current state of the Chinese economy, describing it as being "in trouble right now" due to mounting internal and external pressures. In a recent interview, Chang outlined the key challenges facing Beijing, including its continued reliance on Russian oil and the broader consequences of shifting global alliances.

One significant factor Chang highlighted is China’s ongoing purchase of discounted Russian oil, which has drawn scrutiny from the international community. While the move helps stabilize China’s energy supply amid global volatility, it also reinforces economic ties with Moscow during a period of heightened geopolitical tensions.

Chang also noted the impact of President Donald Trump's withdrawal of the United States from UNESCO, suggesting that this decision reflects a broader reorientation of American foreign policy under Trump's leadership—one that favors bilateral agreements and strong national sovereignty over multilateral frameworks. This, he argues, adds another layer of uncertainty for Beijing, which has relied on global institutions to project soft power and secure its economic interests.

China's current economic challenges are further complicated by a weakening property sector, declining consumer confidence, and growing youth unemployment. With its traditional growth engines stalling, analysts warn that without major reforms or shifts in strategy, Beijing may struggle to regain its footing on the global economic stage.