China: Anatomy of a Slowdown

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Alexander Knobel, Alexey Ulyukaev

Moscow: Gaidar Institute Press, 2026. – 168 p.

ISBN 978-5-93255-715-0

This book examines the current stage of China’s economic development, as the former export- and investment-driven growth model reaches its limits and domestic structural imbalances become the primary constraint on growth. The authors analyze the slowdown in growth, the demographic crisis, problems in the real estate sector, weak domestic demand, and Beijing’s attempts to restructure the economy through reforms, technological modernization, and the strengthening of the domestic market. Particular attention is paid to external pressure from the United States and its impact on China’s prospects and Sino-Russian cooperation.