A glut of Chinese homes and goods, with falling domestic consumption, suggests less demand for global commodities and a deflationary impulse through the rest of the world.
China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped, with data flashing warning signs across the economy. The government’s traditional tools to boost growth may not provide such obvious options this time. We’ll look at why China’s slowdown could send ripples around the world. Here is a direct video link.