As Chinese Economy Falters, Xi Pitches ‘Pie Of Win-Win Cooperation’

The Chinese recovery narrative, easily among the worst macro calls of 2023 so far, was dealt another blow on Wednesday when a key gauge of services sector activity came up woefully short. The Caixin services PMI printed 53.9 for June, down markedly from May, a country mile below consensus and the worst reading since January. This might sound dull, or otherwise barely worth mentioning, but it adds to a by now voluminous body of evidence to suggest China's rebound is no rebound at all. Offici

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One thought on “As Chinese Economy Falters, Xi Pitches ‘Pie Of Win-Win Cooperation’”

I’ve seen no evidence to suggest North American schools are turning out the necessary numbers of top AI development personnel to compete with China. We may slow them down with some restrictive measures but if we don’t have the sharp minds to throw at this the end doesn’t look good at all.