2023: The year China's economic miracle ended

What this episode covers

For years, we've heard that China is an unstoppable economic engine. In 2023, that changed. One stat says it all: in the third quarter this year, foreign direct investment in China was negative for the first time in modern history. Today for the holidays we're bringing you another special episode of 1 big thing where we spotlight a leader from within our own newsroom. Axios' Bethany Allen-Ebrahimian explains why China's economic miracle has ended, but its power is still growing. Guests: Bethany Allen-Ebrahimian, Axios China reporter and author of "Beijing Rules: China's Quest for Global Influence." Credits: 1 big thing is produced by Niala Boodhoo, Alexandra Botti, and Jay Cowit. Music is composed by Alex Sugiura. You can reach us at [email protected]. You can send questions, comments and story ideas as a text or voice memo to Niala at 202-918-4893.

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This episode is 21 minutes long.

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This episode was published on December 28, 2023.

What is this episode about?

For years, we've heard that China is an unstoppable economic engine. In 2023, that changed. One stat says it all: in the third quarter this year, foreign direct investment in China was negative for the first time in modern history. Today for the...

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