A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.
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They’re going into a serious recession, between real estate and interest rates elsewhere slowing investment and spending there’s no major growth engine anymore, their consumer spending is collapsing in anticipation of a severe downturn.
India is taking their thunder.
