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Reuters (February 5)

2024/ 02/ 06 by jd in Global News

“Prolonged factory deflation is threatening the survival of smaller Chinese exporters who are locked in relentless price wars for shrinking business as higher interest rates abroad and rising trade protectionism squeeze demand.” Fifteen months of falling producer prices have crushed “profit margins to the point where industrial output and jobs are now at risk,” further “compounding China’s economic woes, which include a property crisis and debt crunch.”

 

Wall Street Journal (August 12)

2023/ 08/ 14 by jd in Global News

“The political world has finally awakened to China’s economic woes…. The evidence has been building for years that much of China’s economic growth was a debt-inflated bubble, and this week another Chinese property developer defaulted on some of its debt.”

 

Euromoney (November Issue)

2014/ 11/ 08 by jd in Global News

Despite the relative success of recent stress tests, “the financial sector remains at the core of the eurozone’s economic woes. Weak corporates and overleveraged households continue to weigh on bank balance sheets and lenders across the region remain vulnerable to write-downs.” The “flimsy” stress tests failed to “address the underlying problems of bad credit that slow growth and lowflation are compounding…. The euro banking crisis remains.”

 

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