BLOOMBERG Bloomberg Surveillance July 13, 2024
Headline out of china, also a lot of focus on the dismal earnings we have had from Certain Companies and dismal economic data. China considering dropping the numerical gdp growth target for 2020. This is like a company saying it is difficult to forecast so we will not tell you. It happens in the corporate world and not usually with the country, certainly as big as china. I dont know if this will have implications for renminbi. The chief executive of alianza said we are underestimating the impact this will have on the yuan. Tom a shout out to Carl Weinberg who aggressively stated a month ago, f...