China's economy is stumbling, but financial markets don't indicate that it will lead to a systemic crisis.
After a first-quarter bounce, China's economic rebound from zero-COVID policies has been disappointing, with factories and consumers slowing down.
But Gave cited other indicators that present a different take on the Chinese economy.
Gave also pointed out that iron ore prices, which are sensitive to China's economy, have jumped 50% from their October 2022 low.
AdvertisementAdvertisement"That is not to deny that China's economy faces genuine challenges or that Chinese economic growth is slowing, cyclically and structurally," he concluded.
Persons:
Louis, Vincent, Vincent Gave, Beijing's
Organizations:
Service, Financial Times, FTSE, US, Ferrari
Locations:
Hong Kong, Wall, Silicon, China, Beijing, FTSE China