Founder and Executive Chairman of an investment firm, Ken Fisher, urges everyone to understand the trends of the Chinese stock market and economy. Official Chinese data claims that the Chinese economy grew by 5 percent in 2023, meeting the authorities’ target. However, if the official figures are true, sales of multinational corporations in China would increase, but this is not the case. Most companies, including Apple, Volkswagen, Procter & Gamble, and L’Oréal, report declining sales in China.
Regarding how to solve China’s economic problems, there are various opinions from the outside world. American economist Paul Krugman believes that the Chinese Communist Party only needs to end financial repression. They need to allow more economic income to flow to households and strengthen the social safety net to address the current economic issues. However, the Chinese Communist Party does not see it this way.
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Volkswagen Is Pulling Out! Western Capital Flees Rapidly, the Great Decoupling Is Upon Us
