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Posted On: 01/25/2024 5:47:17 AM
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CHINA'S ECONOMY
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence!
The world’s second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.
“I’ve been in China for 27 years, and this is probably the lowest confidence I’ve ever seen,” Shaun Rein, founder of the China Market Research Group, told CNBC Monday.
He forecasts that China will experience “another 3-6 months minimum of a very painful economy.”
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence!
The world’s second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.
“I’ve been in China for 27 years, and this is probably the lowest confidence I’ve ever seen,” Shaun Rein, founder of the China Market Research Group, told CNBC Monday.
He forecasts that China will experience “another 3-6 months minimum of a very painful economy.”
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