The Chinese economy has stalled to the point where it’s being called a “drag” on world economic output by the International Monetary Fund (IMF); and the Chinese economy has many problems — a property crisis, weak domestic spending and high youth unemployment. Most economists think the world’s second largest economy may be staring at decades of stagnation. ~ CNN Business

China is in trouble economically, socially, and demographically. In contrast, the U.S. economy is thriving

• China’s population has declined, falling to 1.411 billion, as people flee autocratic rule and birth rates fall, marking its first decrease since 1961.
• China’s real estate market and financial market are a house of cards and on the verge of collapse. Evergrande real estate developer has default on their loans and will threaten the global economy.
• Lost of Chinese citizen wealth due to collapsing real estate market has depressed consumer spending within the country. 
• USA 735 vs. China 495 number of billionaires. 
• In China, the Communist Party elite love power, money, and wealth, it’s the people who suffer. Youth unemployment is rising and Western capital is leaving the country. 
• China’s economy and middle class are continuing to grow. But, the rate of economic growth is slowing. 
• Geopolitical concerns and relationship with the USA and the the West continue to increase.
• Ghost cities, developed cities built but remain empty, are rampant throughout mainland China. 
• Mexico eclipsed China as the U.S. largest trading partner.

Source:  https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html