BREAKING 🚨: China
Chinese Stocks fall to lowest prices since January 2019 pic.twitter.com/It0LO0kZkC
— Barchart (@Barchart) September 12, 2024
China 3-Year Yields Close Near Record Lows pic.twitter.com/r7Pu9jg8lr
— Sunchartist (@sunchartist) September 12, 2024
2/8
The article goes on to note that "in 2018, at the height of VC investment, 51,302 start-ups were founded in China, according to data provider IT Judi. By 2023, that figure had collapsed to 1,202 and is on track to be even lower this year."— Michael Pettis (@michaelxpettis) September 12, 2024
4/8
As Beijing set GDP growth targets that were increasingly unrealistic during the past 15 years, the only way to achieve these targets required relying on increasingly non-productive investment, and this meant shifting economic activity from the private sector, which…— Michael Pettis (@michaelxpettis) September 12, 2024
🇨🇳 #China to Cut Rates on $5 Trillion Mortgages as Soon as September – Bloomberghttps://t.co/YF8A4QqKNV
— Christophe Barraud🛢🐳 (@C_Barraud) September 12, 2024
"At least 3 top investment bankers from different securities firms have been detained by 🇨🇳 authorities since Aug, sending a chill thru the industry. 1 fled the country & was arrested overseas 2 wks ago, in an incident widely publicized on state media"
https://t.co/V0gIxCjWLO— China Beige Book (@ChinaBeigeBook) September 12, 2024