Real Estate Debt Crisis and Energy Shortage Threaten China’s Economic Growth

High borrowing costs are likely to be a persistent problem for Chinese companies, Doug Barry, a spokesman for the US-China Business Council, told VOA. “The immediate effects could be lower levels of investment and lower levels of growth,” he said. “This, paired with energy shortages, represents a one-two punch. Foreign companies with substantial investments in China are watching closely with an eye toward keeping supply chains intact and costs stable.”