Sanctions and military posturing from the west probably doesn’t help. Seems a bit rich to me to sanction China and then be annoyed you can’t get your economy bouyed by them?
Seems a bit rich to me to sanction China and then be annoyed you can’t get your economy bouyed by them?
I think the point is less of annoyance and more of concern.
Political moves to sanction another country appear to often come with costs to your own. This article seems to simply be highlighting them.
This is the best summary I could come up with:
The International Monetary Fund too singled out China in its latest world economic outlook as among the “downside” tilts to its balance of risks.
When China on Tuesday reported weaker-than-expect trade figures for July – including a nearly 15% fall in exports – iron ore prices were among those to take a tumble.
Cotton imports by China have dropped to their lowest in five years, Rabobank’s research arm notes, citing US data, as exports of garments and footwear fall.
“This makes central banks’ job a smidgen easier, shaving some interest rate hikes off the top of their tightening cycles.”
“As China battles with structural concerns in its property market and a limping transition to consumer-led growth, this driver may not be there to support to the same extent this time.”
Murphy Cruise is among economists who don’t expect China’s deflation to linger as government efforts to spur tourism, car sales and even renovations gain traction.
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