Despite Beijing’s stimulus efforts, China’s economy has slowed in recent months, and it seems set to go slower still in the new year.
A worker monitors a high-end silk production line at the Anhui Jingjiu Silk Company in Fuyang, Anhui Province, China, on Oct. 20, 2025. STR/AFP via Getty Images
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Commentary
As 2025 draws to a close, it might be a good time to take stock of China’s troubled economy and assess its prospects for the new year. The picture is mixed, as is always the case for China and other economies.
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
