Predictions of China surpassing the US economically have been ongoing since the 2008/9 financial crisis. After years of rapid growth, China's economy faced challenges like the COVID-19 pandemic, a real estate crash, and declining trade relations with the West.
The term 'Peak China' emerged as a concept to signify the possible peak of China's economic growth, burdened by issues like heavy debt, slowing productivity, low consumption, and an aging population.
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