
China’s Economy, Retail Rundown and the Shrimp Indicator 6/20/23
Power Lunch
00:00
The US and China's Economic Stagnation
There's a lot of pressure in back room from the Biden regime to American companies not to invest in China right now. FDI into China only went up 2% in Q1 of this year. SME business confidence in China is low, consumer confidence is low. They feel that we're going to go into a 10, 20 year economic stagnation because of the United States and what the Chinese feel is economic coercion. We have seen a number of high profile American execs go to China. Jamie Dimon, Elon Musk. And I believe Tim Cook perhaps is recently there,. maybe the head of Starbucks.
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