Скачать или смотреть China’s Weakness Exposed: Tech Ambitions Rise as Debt and Job Crisis Deepen

China is racing to become a global technological superpower, investing heavily in AI, electric vehicles, robotics, semiconductors, and space exploration. From advanced aircraft carriers to ambitious plans for a Moon landing by 2030, Beijing’s technological progress is undeniable.

However, beneath this high-tech success lies a growing economic crisis. Public debt has surged to an estimated $23 trillion, housing prices have dropped sharply, consumer spending is weak, and youth unemployment remains dangerously high. While state-backed funds continue to pour billions into loss-making tech companies, many local governments struggle to pay teachers, sanitation workers, and public employees on time.

Economists warn that excessive state intervention is causing massive resource misallocation, allowing inefficient firms to survive while draining funds from social welfare, education, and household support. Despite IMF calls to shift toward a consumption-driven economy, China continues to rely heavily on exports, posting a record $1 trillion trade surplus in 2025.

As Beijing doubles down on “self-reliance” and industrial policy, questions are growing over whether China’s tech-first strategy can deliver sustainable growth—or whether it will deepen economic instability in the years ahead.