GREY:NEVDQ - Post by User
Post by
bogfiton Nov 18, 2023 9:06am
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Post# 35742449
Our new "friend's" economic meltdown
Our new "friend's" economic meltdown "The world economy has been put on red alert as Chinese stocks have lost nearly $1 trillion in value in 2023 - and it's believed there is still worse to come. Market traders also told South China Morning Post that clients were increasingly fearful of investing money in China as its markets and economy look shaky.
It is expected that any major downturn in China's economy would trigger a worldwide recession. "But some economists are arguing that the debt numbers mean China simply cannot grow at its current rate for too much longer."
Nick Marro from the Economist Intelligence Unit said: "Anxieties around geopolitical risk, domestic policy uncertainty and slower growth are pushing companies to think about alternative markets."
Chinese economic meltdown sparks panic as almost $1trn wiped off stock market (msn.com)
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