Inventor of Balance-Sheet Recession Says China Is Now in One bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) China is falling into a “balance-sheet recession” and needs to ramp up fiscal stimulus quickly to address the challenge, according to the economist who coined the phrase to explain Japan’s descent into stagnation in the 1990s.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencySwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woes Are M
Wall Street s crystal ball is broken: Why financial markets big bet on China s economic boom is going all wrong marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Balance Sheet Recession Looms for Chinese Economy investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
After three years of zero-covid isolation took its toll on China’s economy, a drastic pivot away from pandemic restrictions was supposed to turbocharge an economic recovery. But the country’s growth is stalling. Exports are down. Youth unemployment is up. Plunging producer prices are raising risks of deflation. Consumer inflation has all but disappeared thanks to weak demand. And global capital is flowing out of China in search of more lucrative targets.