This was out earlier, posting here for interest.
Political tensions, China’s slowing economic growth, poor domestic demand, deflation, and fierce domestic competition are the backdrop to the results of this survey,
Only 47% of US firms optimistic on 5-year outlook
US firms profitable in China down to 66% in 2023
Geopolitical tension rated as biggest challenge
Reuters have more info if you are interested.
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On the flip side, some analysts are seeing the economy lifting itself off the canvas:
Goldman Sachs on 3 reasons China’s economy is going to turn betterChina to remove restrictions on foreign investment in the manufacturing sector
This article was written by Eamonn Sheridan at www.forexlive.com.
