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Breakfast Business with Joe Lynam

Issues facing China's economy

16 Aug 2023

Description

30 years ago China was a mid-ranking emerging economy that posed no strategic threat to Europe or America. Today it’s the second-largest economy in the world and very much a military and economic rival to the West. But since the pandemic, China’s economy hasn't been firing on all cylinders. It is officially deflating and the central bank has to slash interest rates to stoke up demand. There are also fears of a property crash under a mountain of debt. Speaking to Joe on the issues facing China was Janet Mui from RBC Brewin Dolphin.

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