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What China's Slowdown Means for Us All

China's National People's Congress, the annual meeting of the country's top government officials, comes amid a new economic context in 2024. For decades, China’s growth has been tremendous. But now the nation is seeing a significant slowdown. Its housing sector is in its third year of decline, the stock market is touching new lows and youth unemployment remains high. These issues may be a major headache not only for the Chinese people and President Xi Jinping, but they also have big consequences for the rest of the world. Bloomberg journalists analyze what the end of China’s boom times means for everyone from Chinese citizens to US taxpayers. Read More on Bloomberg: https://www.bloomberg.com/news/featur... Watch more of our News Spotlight documentaries:    • News Spotlight   Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptio... 00:00 Introduction 01:20 China’s growth miracle 03:04 The end of the boom 04:24 Young Chinese cut spending 07:25 Consequences for the world, Xi Jinping -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.