Trouble Ahead: What’s Next for the Chinese Economy?
Knowledge @Wharton
March 9, 2016
China’s economy continues its decline, as reports
earlier this week revealed that exports had their biggest monthly drop
since May 2009. That fall underscores the Chinese government’s announcement
last week lowering its economic growth target for 2016 to between 6.5%
and 7%, compared with 6.9% last year. Last week, ratings agency Moody’s
also said it has lowered its outlook for Chinese government bonds from “stable” to “negative.”
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