Posted 1/31/2024, 1:52:00 PM
US Economy Stays Strong as China Struggles with Debt, Real Estate Woes, and Plummeting Stocks
- The US economy is strong while China's economy is struggling with debt, deflation, and real estate woes
- China is reluctant to stimulate its consumers, prioritizing exports instead
- China's property market boom has likely ended, hurting consumer confidence and spending
- Chinese stocks have plummeted over $6 trillion since 2021, underperforming the US
- Experts see more modest US stock gains in 2024 while Chinese markets face systemic issues