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China’s Economic Pain Is Deepening. Don’t Expect a Quick Rescue.

Por: MarketWatch Business August 15, 2023

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Beijing is dealing with a shrinking population. Mountains of debt are sitting on the balance sheets of companies and local governments. And and a desire to chip away at that debt are making policy makers reluctant to turn to their old playbook of fueling a construction and property boom to revive the economy. Credit growth weakened in July, the boost in spending that followed the lifting of three years of Covid restrictions is slowing, and there... + full article



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