The secular downturns in China’s economic growth, property sector, and commodity consumption are deflationary forces globally. This is especially significant in places like Australia and Canada, where commodities and realty prices leapt along with Chinese demand over the past 15 years. This discussion is worth understanding.
“China got old before it got rich…and there’s nothing that they can do about this.”
Economist Danielle DiMartino Booth sits down with Leland Miller. Leland is a leading authority on China’s economy and financial system, and he is also the co-founder and CEO of China Beige Book International. Here is a direct video link.
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