Economies have undergone painful changes over the past several years due to international crises. First, there was the response to a virus originating from the Chinese city of Wuhan, which has led some to rethink globalization. Now the more recent consequences of the Russian-Ukraine war have further added to discussions on global trade, with one…
JPMorgan Goes ‘Underweight’ on EM Currencies as China Risks Rise
LONDON—Investment bank JPMorgan turned ‘underweight’ on emerging market (EM) currencies on Friday, warning a slowdown of China’s economic growth, troubles in its property sector, and less supportive global monetary policy were all growing risks. “EM growth concerns from COVID-19 drags are receding, but risks that China’s growth slowdown, along with property sector drag, will impact…
China’s Economy Weakens: COVID-19 Yes, but Also More Fundamental Growth Impediments
Commentary The latest news out of China shows an economy in decline. Crucial August measures of both industry and services confirm the fact. No doubt, much in the setback reflects the early summer rise in COVID-19 infections and the subsequent lockdowns imposed by Beijing’s “zero-tolerance” policies. Now that infections seem to be abating, strictures will…
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