Menu
Sister Sites

  • China's economy will be 'on fire' in the second half of 2023, StanChart chairman says

    From cnbc.com

    China’s economy will be “on fire” in the second half of 2023 as the economic performance of East and West diverges, according to Standard Chartered Chairman José Viñals. The reopening of the Chinese economy following several years of strict “zero-Covid” measures has buoyed sentiment among economists that the global growth and inflation picture may be less bleak than initially feared this year. OECD Secretary-General Mathias Cormann earlier this week said the reopening was “overwhelmingly positive” in the global fight to tackle sky-high inflation. Chinese GDP grew by just 3% in 2022, official figures ... (full story)

I agree, but...like this.

Attached Image (click to enlarge)
Click to Enlarge Name: OnFire.jpg Size: 118 KB
Everyone can see the chart, but only a few can actually read it.
China will not return to "business as before Covid" since worldwide the realisation has set in that is may be prudent to no longer rely on having their essential manufacturing in China. Two reasons for this: JIT (Just In Time supply) and national security.

As such I think it might be only a flash in the pan of temporary catch up on delayed orders before dropping below the level of pre-Covid.
With due respect to all (who might have a different viewpoint).
  • New Comment
  •  Guest
  • | IP XX.XXX.172.188
Join FF
  • Story Stats
  • Posted: Jan 18, 2023 6:59am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 1,429

  • Related Stories