Part 2/11:
Though Xi Jinping may flaunt this growth as a major success, official statistics paint a less rosy picture when scrutinized. With the Chinese government investing approximately 40% of its GDP annually—double that of the U.S.—the figure of 5.2% can be misleading. Economists argue that this growth rate is actually disappointing given the extraordinary levels of investment, highlighting the cracks in the foundation of China’s economy.