China: consumption or investment?
China: consumption or investment?
thenextrecession.wordpress.com China: consumption or investment?
In Q2 2023 the Chinese economy expanded by 6.3% year-on-year, up from 4.5% yoy recorded in Q1. Sounds strong, but quarterly growth was only 0.8%, slowing sharply from 2.2% qoq in the first qu…
Michael Roberts on the Chinese economy: * But it’s not a turn to a consumer-led market economy that China needs to get the economy going again, but planned public investment into housing, technology and manufacturing.*
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