Posted 1/17/2024, 10:02:00 AM
Kevin Rudd Dismisses Peak China Concerns, Predicts China's Consumer Market Will Power Economic Rebound
- Former Australian PM Kevin Rudd argues "peak China" narrative is flawed, says current economic slowdown is temporary
- Points to COVID-19 impacts and property market downturn as causes of recent China growth decline
- Believes China's consumer market has huge untapped potential to drive long-term growth
- Notes Chinese consumers have had "rough time" recently between pandemic and property market upheaval
- Still projects confidence in China's economic outlook if consumer confidence and spending can rebound