China’s growth engine faces fresh challenges

China has weathered a historic property downturn, but new pressures are emerging. In their latest analysis for Investment Week’s Fixed Income Portal, PIMCO’s Tiffany Wilding and Stephen Chang unpack why weakening domestic demand, rising trade barriers and excess industrial capacity are reshaping the country’s growth outlook – and what this means for global investors. Their article explores: • How China sustained 4.5–5% growth despite a 40% fall in residential construction • Why excess capacity and rising inventories risk deepening deflation • The impact of global tariff pushback...