Mastodon Feed: Post

Reblogged by jsonstein@masto.deoan.org ("Jeff Sonstein"):

darnell@one.darnell.one ("Darnell Clayton :verified:") wrote:

#China 🇨🇳 is being hit economically by several negative factors:

☝🏾 Economy is still reeling from #COVID closures
✌🏾 Real estate market is collapsing
🤟🏾 Foreign companies exiting China 🇨🇳
👌🏾 Foreign sanctions hurting banks & businesses
🖖🏾 Political corruption

👉🏾 China sees one of its worst years of growth since 1990 as recovery stalls (via @thejapantimes) https://www.japantimes.co.jp/business/2024/01/17/economy/china-gdp-premier-li-davos/

A Chinese recession will hurt world markets.