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China’s economic recovery?  These are Generali Investments forecasts from FinanciaLounge

China’s economic recovery? These are Generali Investments forecasts from FinanciaLounge

© Reuters. China’s economic recovery? These are the forecasts from Generali Investments

Christoph Siepmann, chief economist at Generali (BIT:) Investments, does not believe in a “big bang” fueled by support measures and cites mixed macro data. First ever deficit in foreign direct investment

It appears that the meeting between US President Biden and his Chinese counterpart Xi on the sidelines of the APEC meeting led to improved communications between the two superpowers, especially with regard to geopolitical and military issues. From an economic perspective, one of Xi Jinping’s motivations may be to calm the struggle over technological leadership in times of domestic economic weakness.

Services are good but not production, exports and investments

Christoph SiepmannThe chief economist at Generali Investments, in his commentary, emphasizes that the latest October data actually remained mixed: consumption in services benefited 19% year-on-year from the increase in holidays, which helped improve retail sales by 7.6%, but production Industrial progress was made only very limited, in light of the obstacles resulting from the deterioration of exports, which fell by 6.4%, while investment growth was disappointing with a decline in real estate investments by 11%.3%…

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** This article was written FinanceLounge

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