A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.
Ying Tang | NurPhoto | Getty Images
The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization.
The Chinese government is ramping up a host of measures aimed at boosting the economy, with leaders on Monday pledging to “adjust and optimize…