The bustling activity at Ningbo-Zhoushan, the most active port globally, offers a revealing glimpse into the structural imbalances within China’s economy. While export volumes remain robust, signaling strength in manufacturing and global trade, domestic demand continues to lag. Infrastructure investments have driven port expansions and logistical upgrades, yet consumer spending has not kept pace, highlighting a reliance on external markets rather than internal consumption. This disparity underscores broader challenges facing Chinese economic policy, where growth is still heavily tied to industrial output and fixed-asset investment. Observers note that without a shift toward a more consumption-driven model, long-term sustainability could be at risk. The port’s operations, though impressive in scale, reflect a system stretched between global competitiveness and domestic economic fragility.
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At World’s Busiest Port, China’s Unbalanced Economy Comes Into View The New York Times