China’s economy is flailing. Here’s how its problems could spill into global markets.

• China’s economy is facing headwinds ranging from an unstable property market to weak consumer demand.
• Experts told Insider that a worsening scenario in China bodes poorly for global markets and other economies like the US.
• Both Janet Yellen and Joe Biden have recently warned of China’s spillover risks.

China has built itself into a world power with a massive impact on the global economy through decades of steady growth, huge trade volumes, and an expanding, productive population. 

After President Xi Jinping lifted Beijing’s extreme “zero-COVID” policies in December, experts expected that Chinese demand and business would come roaring back so strong that the entire world economy would feel the effects of its reopening.