From the New York Times, I'm Sabrina Taverny C. And this is The Daily.

This is The Chinese Dream.

The place we used to call red China has embraced capitalism with the vengeance and it's going

all out.

The last three decades China has transformed itself into an economic powerhouse.

For decades, China's economy was the envy of the world, with an unbroken streak of

explosive growth.

It's turned out to China after three years, the country is re-opening its borders and saying

goodbye to its zero-covid policies.

So will this easy and the unleashing of the Chinese consumer help bolster the economy around

the world?

The pandemic broke that streak, but it was expected to come roaring back.

Instead, China's economy has faltered.

But the country is now experiencing some evidence of an economic downturn.

So now, even as COVID is starting to fade away, investors are left with this problem that

China's economy is looking like it's going to be dragging for quite a while.

Today, my colleague, Asia Business Correspondent, Dai Waka Bayashi, on why China's economic rebound

hit a wall?

And what it says about the country's next chapter.

It's Monday, July 17th.

Dai, welcome to the show.

Thank you for having me.

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