GREY:NEVDQ - Post by User
Post by
bogfiton Feb 03, 2024 11:30am
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Post# 35861152
"There are no signs of panic yet."
"There are no signs of panic yet."Market sentiment over China's economy is so bad that the country's stock markets sold down massively in the first weeks of January as investors made a dash for the door. Notably, the stock market sell-off came before Evergrande's liquidation order.
China's economy has been struggling to recover since it started lifting pandemic-related restrictions more than a year ago. It's facing significant headwinds from a property crisis, deflationary pressure, and a demographic crisis.
China, the world's second-largest economy, grew 5.2% in 2023. While that was better than the COVID-battered performance of 3% in 2022, it's still one of the economy's worst showings in three decades." What the Collapse of a Company Owing $300 Billion Means for the World (businessinsider.com) b.