China's Economic Situation. - Sky-Tide Marketing

China’s Economic Situation.

August 2, 2024

Deloitte United States: China’s economy showed signs of deceleration in the second quarter of 2024, with a GDP growth rate of 4.7% compared to 5.3% in the first quarter. This slowdown is attributed to weak domestic demand, issues in the residential property market, and stagnant private sector investment. Despite rapid growth in exports, there are concerns about potential new trade restrictions from the US and the EU

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.

China’s Economic Situation.

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%