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The Inquiry
Is China’s economy in trouble?
The Inquiry
Nov 3, 2022

Xi Jinping has begun an unprecedented third term as Chinese president, after securing his position at the Communist Party Congress.

But key economic data was delayed until after the congress ended. It was lower than government targets, causing Chinese markets to fall.

The Chinese economy is floundering; unemployment is skyrocketing, and the housing market is collapsing. There’s also no sign of an end to COVID lockdowns – which have hamstrung business and manufacturing since the start of the pandemic.

Since the start of this century, China’s economic growth was the envy of the world, but in 2022, it’ll be the first year since the 1990s that economic output will fall behind the rest of Asia.

President Xi says the economy is now his top priority, but his focus in his first two terms was to consolidate power and increase political control. Will his new term be any different?

This week on the Inquiry, we’re asking: Is China’s economy in crisis?

Presenter: Tanya Beckett Producers: Ravi Naik and Ben Cooper Editor: Tara McDermott Technical Producer: Kelly Young Broadcast Coordinator: Jacqui Johnson

(Image: Chinese yuan cash bills and Chinese flag: Javier Ghersi/Getty)

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Is it time to scrap the Commonwealth Games?

For the second time in 12 years Glasgow is preparing to host the Commonwealth Games after Australia’s Victoria state pulled out because of increased costs. Victoria’s withdrawal raised questions about whether the 2026 games would go ahead before Glasgow agreed to step in.

Staging a sporting mega-event is expensive and governments face increasing scrutiny over public spending. Victoria’s decision raised wider questions about affordability for potential hosts. At the same time, critics question the Games’ political relevance, given its origins in Britain’s colonial past.

The Commonwealth Games Federation says the event can be delivered in a more sustainable way and argues that it brings cultural and economic benefits to host cities, but recent editions have run into significant costs and budget pressures.

This week on The Inquiry, Tanya Beckett asks ‘Is it time to scrap the Commonwealth Games?’

Contributors: Dr Stuart Whigham, senior lecturer in sport, coaching and physical education at Oxford Brookes University, UK Dr Matthew McDowell, lecturer in sport policy, management, and international development at the University of Edinburgh, UK Dr Verity Postlethwaite, lecturer in strategic event management at Loughborough University, UK Professor Gayle McPherson, associate dean for research at the University of the West of Scotland, and director of legacy and community engagement for Commonwealth Games Scotland, UK

Presenter: Tanya Beckett Producer: Matt Toulson Researcher: Evie Yabsley Editor: Tom Bigwood Technical Producer: Craig Boardman Production Management: Phoebe Lomas and Liam Morrey

(Photo: 2022 Commonwealth Games gold medals. Credit: Adrian Dennis/Getty Images)


23min 58sec




Is China’s economy in trouble?

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