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El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, and its stock market has weathered a turbulent ride so far this year, with the country’s CSI 300 index erasing some 40% of its value from its 2021 peaks. Adding salt to the wound, January PMI numbers released by China’s National Bureau of Statistics showed manufacturing activity contracted for the fourth month in a row, driven by slumping demand. The slew of downbeat data has consequently triggered a wave of skepticism toward the world’s second-largest economy. Allianz for one, reversed its ... (full story)
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- Posted: Feb 9, 2024 5:50am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,449
