Posted 2/25/2024, 11:50:00 PM
China's Economy Falters Amid Covid Lockdowns and Real Estate Woes, Spooking Some Foreign Investors While Others Remain Bullish on Market Potential Despite Growing Tensions with US
- China's economy is slowing, posting its weakest growth in decades, dampening foreign investment
- Harsh COVID lockdowns and an imploding real estate bubble have left many Chinese traumatized
- Some American companies are reducing investments, concerned about intellectual property theft and growing authoritarianism under Xi
- But other firms still see major opportunities to access China's vast consumer market
- Tensions are rising with the US on multiple fronts - economically, technologically, and militarily