China's attempts to lift confidence in economy fall flat

Written by Barry Investment Advisors | Jan 30, 2024 7:35:44 PM

A visit from Chinese Premier Li Qiang did little to assuage the concerns of the attendees of the World Economic Forum in Davos. Concerns about China’s property crisis, local government credit crunch, and an imbalance of low consumption and high investment hung over the Premier even as he revealed that the country’s economy met its growth targets in 2023 – and Chinese equities fell into an even deeper slide as a result.