|
China's 'president' Xi Jinping made a startling admission in his New Year address. For the first time he said the economy struggled last year. The confession merely underscores the difficulties the country is currently facing and has so far been unable to surmount. But why? As more data pours in, we see how the answer to that question isn't actually Chinese. Eurodollar University's Money & Macro Analysis Full text of President Xi Jinping's 2024 New Year message https://english.news.cn/20231231/4e0fc2697d994cd2b4dcb5dca525a611/c.html Nikkei Analysis: China's spy agency now watches for doomsayers https://asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-China-s-spy-agency-now-watches-for-doomsayers CNN China’s economy had a miserable year. 2024 might be even worse https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html Bloomberg China Home Sales Fall Again as Policy Shifts Fail to Stem Decline https://www.bloomberg.com/news/articles/2023-12-31/china-home-sales-fall-again-as-policy-shifts-fail-to-stem-decline Twitter: https://twitter.com/JeffSnider_EDU https://www.eurodollar.university RealClearMarkets Essays: https://bit.ly/38tL5a7 #inflation #deflation #money #recession #federalreserve #fomc #interestrates #china #banks #xijinping |