The global economy, over the years, has undergone multiple changes which have been driven by the economic activities of the different countries of the world. Economies across the world have also modified significantly, most of which have been dependent on different factors and causes. China, despite suffering majorly from the consequences of a colonial economy, has turned into one of the most successful economies of the 21st century. This growth has been driven by various factors, some of which may or may not be sustainable in the longer run. What China is witnessing today, is a consequence of such factors unfolding and ultimately impacting its economy.
This paper aims to analyze the three-pronged economic crisis that China faces in terms of its real estate, banking and foreign trade sectors. It also highlights the possible implications that these crises have on global and regional economies.