Mercatus Center Senior Fellow Weifeng Zhong Shares Insights

In a recent interview, Weifeng Zhong, a senior fellow at the Mercatus Center, expressed concerns about the current state of the Chinese economy. According to Zhong, the economy is "not going well," raising questions about its future trajectory.

As Commerce Secretary Gina Raimondo prepares for her upcoming trip to Beijing, these concerns gain further significance. The visit could provide an opportunity for discussions on economic cooperation and potential areas of friction between the United States and China.

Zhong also touched on the BRICS summit, emphasizing the importance of economic cooperation among the member countries. With China being a key player in the group, the financial health of its economy holds implications for the broader alliance.

Looking ahead to the first primary debate of the GOP presidential candidates, Zhong suggested that they address China-related issues. Given China's influence and its growing economic power, understanding and responding to its economic situation is crucial for U.S. policymakers.

While the exact state of the Chinese economy is still being examined, Zhong's insights shed light on the concerns and considerations surrounding it. As Raimondo's trip approaches and the BRICS summit takes place, eyes will be on how these events unfold and impact global economic dynamics.