China Tries to Reboot Its Economy as Competitors Circle : State of the World from NPR

China has long been the world’s factory, but it’s economy is starting to face serious headwinds. Demand for Chinese goods has slumped, China is saddled with too much industrial capacity and heavy debt. And now a tariff war with the United States further darkens China’s economic outlook. We have two reports on reactions to China’s economic state. We hear how the Chinese government is encouraging business investment, but it’s a hard pitch to sell in a communist state that hasn’t always been kind to entrepreneurs. And how Vietnam, another communist country, seeks to capitalize on China’s uncertain future and is experiencing a manufacturing boom.