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Joined 2 years ago
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Cake day: June 12th, 2023

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  • Sure, it’s been a while since China had to protect its currency from negative pressure, and it’s in reuters because it’s a clear market signal. However a softening economy isn’t unusual generally, just a first in decades for China.

    It’s as much a sign that as a country they’re maturing past the developing country growth wave they’ve been on, and hitting the cycles that developed nations need to manage. Couple that with a trade war with the US slowing down key parts of the economy and it’s notable but not surprising.

    Those predicting a wholesale economic collapse will however be just as disappointed as they were 12months ago when predicting a real estate lead crash.