China faces severe real estate woes, deflation, and an exodus of global investors.
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AdvertisementThe world has yet to witness any post-pandemic rebound in China, and Wall Street expects little to change in 2024.
The ongoing exodus of global investors is evidence the bear case is intact, and the country's real estate sector continues to look more and more precarious.
AdvertisementThat in turn has cratered sentiment, as Chinese households have the majority of their wealth tied to real estate.
Persons:
—, DataTrek, Nicholas Colas, Jessica Rabe, Mike Edwards, Weiss, haven't, Edwards, Tracy Chen, Chen, Caesar Maasry, Goldman Sachs, Maasry
Organizations:
Service, Wall, Tech, Baidu, US, Business, Brandywine, Supply, Seng China Enterprises, Bloomberg
Locations:
China, Beijing