Posted 12/17/2023, 10:00:17 PM
China Faces Economic Storm Clouds as Private Sector Struggles Amid Real Estate Crisis and Demand Contraction
- China facing worrisome signs of unpaid leave, production suspensions amid economic headwinds and real estate crisis
- Private sector struggling to recover; fixed-asset investment contracted 0.5% in Jan-Nov vs 6.5% rise for state sector
- Real estate crisis overwhelming; demand for aluminum and other goods tied to property market has declined sharply
- Supportive policies so far unable to revive confidence and investment by private sector
- Risk of further deterioration in 2023 remains if private investment and demand contraction persists