China's boom changed the world. Now, it faces a slump
As Canada deals with high inflation and a housing shortage, the world\u2019s second-largest economy is grappling with a nearly opposite reality.\n\nChina has been booming for over 40 years as Beijing invested heavily to build up the country. But now, demand for housing is sinking amid overbuilding and developers mired in debt, and consumer prices have recently fallen into deflation.\n\nToday, Wall Street Journal China bureau chief Jonathan Cheng explains the signs that China\u2019s economy is slowing down, and what it could mean for the boom that changed the world to come to an end.\n\nLooking for a transcript of the show? They\u2019re available here daily: https://www.cbc.ca/radio/frontburner/transcripts