Bloomberg (November 16)
China’s Q3 expansion is “the weakest since the government began releasing quarterly data in 1992. An obvious cause is the ongoing trade war…, but the economy would be decelerating even without that as is transitions away from the high debt, often wasteful growth model of the past. The knock-on effects are global, affecting companies and consumers alike.”
Tags: China, Debt, Decelerating, Economy, Expansion, Government, Q3, Trade war, Wasteful growth
Washington Post (July 17)
With China’s economy decelerating, “ the world waits to see if it will make hard reforms. “Most big developing countries — China, India, Brazil, South Africa — have slowed down in the past few years. In almost all cases, the cause was the same. When their the economies were booming, these countries’ leaders avoided tough decisions. China had been the exception to this rule. But now it faces its biggest test…. If it fails, well, China becomes just another emerging market with a model that worked for a while.”
Tags: Boom, Brazil, China, Decelerating, Decisions, Developing countries, Economy, Emerging market, India, Leaders, Reforms, South Africa
