The seven sorrows of China
Report Date: 17th October, 2022 Xi’s next period in office will be very difficult for the leadership: economic growth will be only 2-4% a year, so rapid convergence with rich countries is off the table. More importantly, people’s living standards will grow very slowly and expectations will be disappointed. We have no long positions in Chinese assets and we have closed our long-standing RMB short vs long USD.
To read the full report - Login or Subscribe
SUBSCRIBE