As President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.
According to a 'bearish scenario' painted by Bank of America strategists, China's economic growth could fall to 7.5 per cent this year and 2.2 per cent in 2022.
China’s economy risks slowing faster than global investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.
China’s economy risks slowing faster than investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic. Bank of America Corp. and Citigroup Inc. are among those sounding the warning that expansion…
(Bloomberg) China’s economy risks slowing faster than investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.
Bank of America Corp. and Citigroup Inc.