China’s Multiplying Economic Headaches May Stymie Efforts to Surpass US Economy

This was meant to be the year China’s economy roared back to help power global growth. Instead, consumer spending is sluggish, the property market is crisis-ridden, exports are weakening, youth unemployment is at a record high and local government debt is towering. And there’s no easy fix — raising the question of whether China is headed for a Japan-style malaise after 30 years of unprecedented economic growth.