China’s economy is plainly staring at a flickery future
It faces slow growth and rising inflation while its forex reserves and current account surplus shrink
The global economic system is going through an unprecedented period. Developed market central banks have begun to raise interest rates sharply and have initiated quantitative tightening at the same time. The US Federal Reserve’s balance sheet that had expanded rapidly from about $4 trillion to about $9 trillion in response to the covid pandemic has gradually begun to shrink.