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— Michael Pettis (@michaelxpettis) August 16, 2023
If a Chinese slowdown is associated with a rebalancing of domestic demand and a faster contraction in savings than in investment, which is likely, it will be mildly positive for global growth, if not for hard commodity exporters.
— simonthong aka kitty poo (@KittyPo80176717) August 16, 2023
https://prospect.org/world/2023-08-15-china-conundrum/
https://prospect.org/world/2023-08-15-china-conundrum/
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“🇨🇳(runs) a chronic surplus. So its impact on the world..is far less contractionary. Some sectors & nations, eg exporters of raw materials will be affected (or) companies that export luxury products..But slowdown in🇨🇳will not tip the world into recession.”https://t.co/EYLwasFUcW
— Shehzad Qazi (@shehzadhqazi) August 15, 2023
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What is the global impact of China's downturn? Will it force changes in China’s political system? How much is U.S. policy—tariffs, export controls—implicated? And what does it mean for U.S. containment? @rkuttnerwrites has answers:https://t.co/BspSs0OEQf
— David Dayen (@ddayen) August 15, 2023
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The Chinese economy has seen a decline in exports to the U.S. and Europe, one symptom of their economy’s growth slowing down, but not collapsing. https://t.co/7R1kMSGm9v
— The American Prospect (@TheProspect) August 15, 2023
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“The perception that doing business in China has become much riskier is reducing Western capital flows into an economy already struggling with weak investment and consumption.” https://t.co/7R1kMSGm9v
— The American Prospect (@TheProspect) August 15, 2023
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