“A slowing Chinese economy will negatively impact many economies that have remained dependent on China for export growth, such as Germany and South Korea. A slowing China means greater capital flows to the U.S. and Europe as well. China's slowdown is structural, and the result of middle-income status economic challenges, as well as the limits of debt- and property-driven growth. These problems will take considerable time to solve, and only a very clear signal of turning away from political intervention and back toward private market forces can restore China's potential.”
11 Feb 2022
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