06 Dec Why Xi Jinping’s China remains a worry for the world
Posted at 05:02h
in Insights
China’s economy is facing its worst time for business confidence, both offshore and within borders. Xi Jinping’s hardline socialist approach is making businesses think twice before investing
December 06, 2023 / 10:38 AM IST
China’s economy is also going through structural changes and possible deflation.
Highlights:
Moody’s expects Chinese economy to grow just 4 percent in 2024 and 2025
A ramp up in fiscal spending is needed but government is already burdened with record debt
Capital outflows are increasing from China and local investor confidence is also weak
Xi Jinping’s hardline socialist approach is making it complicated for businesses
China’s economy is also going through structural changes and possible deflation
It certainly won’t be the last of the clouds over China’s economy. Moody’s, on Tuesday, cut China’s government credit…