China is financially struggling, and wages have halved across swathes of this massive country.
Socialists know the communist government controls the economy
In democracies, economists know the private sector is the generator of wealth the dead hand of government is a millstone.
So it isn't a surprise China's CCP is investing a sugar hit injection to revive the flagging economy.
Let's hope it works they buy our iron and coal..
In what amounts to amassive adrenaline shotfor the world’s second biggest economy, China’s central bank unveiled a series of economic stimulus measures on Tuesday. China’s economy has been dogged by aproperty marketcrisis, consumer price weakness and rising global trade tensions. And Tuesday’s announcement underscored the mounting alarm within President Xi Jinping’s government over slowing growth and depressed investor confidence. China’s economy sits dangerously close to a deflationary cycle and economists believe the stimulus measures have bought the country some time and helped change the narrative around the slump. Only in the past few weeks have banks from Goldman Sachs to UBScut their forecastsfor China’s economic growth following a slew of bad data thatraised alarmsabout falling prices. Stocks rallied following the news. Here’s yourmarkets wrap.— Margaret Sutherlin
The commercial property marketaround the US has taken a beating the past several years. Prices are still down 19% from a peak in 2022, but lenders and owners seem ready tocut their losses and jump back in, especially now that the Federal Reserve’s first rate cut in four years is bringing some clarity on the path for borrowing costs and valuations. As interest rates fall, more buyers are coming back and lenders are seeing more interest in deals to offload debt.
