News
This Latest China Report's Got Wall Street Buzzing (and Not in a Good Way)
A landing point for China's volatile economy is still not in sight, leading to a protracted period of declining growth, a new report by the Demand Institute finds. "China's productivity crisis—the result of both institutional deficiencies and a maturing economy—remains unaddressed," the report says.
The news has got Wall Street buzzing. A period of Chinese market turmoil—including a devastating stock crash—led to a series of big movements in the market. A devaluation of the yuan was followed by a record-setting sale of US bonds, triggering industry-wide concerns.
