This is BY FAR The Biggest Risk To The Global Economy

China's 'president' Xi Jinping made a startling admission in his New Year address. For the first time he said the economy struggled last year. The confession merely underscores the difficulties the country is currently facing and has so far been unable to surmount. But why? As more data pours in, we see how the answer to that question isn't actually Chinese. 

Eurodollar University's Money & Macro Analysis

Full text of President Xi Jinping's 2024 New Year message
https://english.news.cn/20231231/4e0fc2697d994cd2b4dcb5dca525a611/c.html

Nikkei Analysis: China's spy agency now watches for doomsayers
https://asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-China-s-spy-agency-now-watches-for-doomsayers

CNN China’s economy had a miserable year. 2024 might be even worse
https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html

Bloomberg China Home Sales Fall Again as Policy Shifts Fail to Stem Decline
https://www.bloomberg.com/news/articles/2023-12-31/china-home-sales-fall-again-as-policy-shifts-fail-to-stem-decline

Twitter: https://twitter.com/JeffSnider_EDU
https://www.eurodollar.university
RealClearMarkets Essays: https://bit.ly/38tL5a7

#inflation #deflation #money #recession #federalreserve #fomc #interestrates #china #banks #xijinping