Chinese Slowdown Has Nothing To Do With Trade Wars
In this interview at CNBC, we discuss the slowdown in China.
China just announced the weakest growth in 30 years. A range of 6-6.5% -if achieved-, and implements the largest tax cut in history, $298 billion (positive).
The main issues:
Without lifting capital controls, effects could be poor.
The Government does not address its high debt or overcapacity issues.
Disclaimer: All opinions expressed in the books, interviews and articles by Daniel Lacalle are strictly personal and do not reflect the strategy or philosophy of any specific firm.
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