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Xi Jinping Needs To Refocus
Chinese export growth slowed from a 19-month high in November, missing estimates in the process and disappointing economists who collectively expected more in the way of a fillip from tariff-related front-loading and holiday stockpiling.
Shipments abroad rose less than 7% last month, Beijing said Wednesday. That was a marked slowdown from October's near 13% expansion which counted as the briskest pace since March of 2023. Consensus saw an 8.5% gain.
The narrative hasn't changed. China's grappl
I’m reading that, per Chinese govt pronouncements, that they are preparing to significantly increase debt/deficits to stimulate consumption. Of course, replacing 2% of GDP is a tall order. Then again, the US will face a similar challenge.