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China's economy stumbling, likely headed for a lost decade says ex-IMF official

China's economy stumbling, likely headed for a lost decade says ex-IMF official
A former IMF official, Desmond Lachman, wrote an op-ed in US media outlet Barrons:So much for the Chinese economic boom. Last year China ended a disastrous zero-Covid policy that had crippled its economy. A rush of growth was widely expected to follow. Instead of booming, five months after the ending of its Covid restrictions, the Chinese economic recovery is sputtering. That is due in no small measure to the bursting of its outsized housing and credit market bubbles. The question now is whethe... Read More
Posted: Jun 9 2023, 02:35
Author Name: forexlive
Views: 101920

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