China's National People's Congress, the annual meeting of the country's top government officials, comes amid a new economic context in 2024. For decades, China’s growth has been tremendous. But now the nation is seeing a significant slowdown. Its housing sector is in its third year of decline, the stock market is touching new lows and youth unemployment remains high. These issues may be a major headache not only for the Chinese people and President Xi Jinping, but they also have big consequences for the rest of the world.

Bloomberg journalists analyze what the end of China’s boom times means for everyone from Chinese citizens to US taxpayers.

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00:00 Introduction
01:20 China’s growth miracle
03:04 The end of the boom
04:24 Young Chinese cut spending
07:25 Consequences for the world, Xi Jinping

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