The spillover from a slowing Chinese economy “cannot just be wished away,” said Josh Lipsky, a former State Department and IMF official who’s now the senior director of the Atlantic Council's GeoEconomics Center.
. Indeed, according to a half-dozen other top economists and Wall Street executives, the links between U.S. and Chinese financial systems are minimal.
Labor prices were already climbing in China, which has reduced its role in bringing down inflation, they said. And while many companies have been transitioning out of China amid a broader push to “de-risk” supply chains, that isn’t an easy process. Still, even with limited ties to the U.S. financial system and slowing relationship on trade, “in this environment, the biggest failures are going to be failures of imagination,” Daleep Singh, PGIM Fixed Income’s chief global economist and former Biden White House official, said in an interview.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Two people detained in China for allegedly damaging Great Wall with excavatorTwo people have been detained in China after allegedly damaging a section of the Great Wall in the northern Shanxi province with an excavator, according to state broadcaster CCTV.
Lire la suite »
2 people accused of damaging Great Wall of China with excavatorThe damaged part of the wall was built during China’s imperial Ming Dynasty.
Lire la suite »
Great Wall of China severely damaged by workers looking for a shortcutTwo people have been detained after allegedly digging the hole using an excavator, local authorities said.
Lire la suite »
Great Wall of China damaged by workers allegedly looking for shortcut for their excavatorTwo construction workers are accused of attempting to create a shortcut through the iconic structure, local police said, calling the wall 'severely damaged.'
Lire la suite »
Wall St eyes lower open as yields rise, China data weighs By ReutersWall St eyes lower open as yields rise, China data weighs
Lire la suite »
Wall St falls as higher yields, China data weighWall Street's main indexes fell on Tuesday as higher Treasury yields weighed on some major growth stocks, while downbeat data on services activity in China stoked worries over demand in the world's second largest economy.
Lire la suite »