China's 'president' Xi Jinping made a startling admission in his New Year address. For the first time he said the economy struggled last year. The confession merely underscores the difficulties the country is currently facing and has so far been unable to surmount. But why? As more data pours in, we see how the answer to that question isn't actually Chinese.
Eurodollar University's Money & Macro Analysis
Full text of President Xi Jinping's 2024 New Year message
https://english.news.cn/20231231/4e0fc2697d994cd2b4dcb5dca525a611/c.html
Nikkei Analysis: China's spy agency now watches for doomsayers
https://asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-China-s-spy-agency-now-watches-for-doomsayers
CNN China’s economy had a miserable year. 2024 might be even worse
https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html
Bloomberg China Home Sales Fall Again as Policy Shifts Fail to Stem Decline
https://www.bloomberg.com/news/articles/2023-12-31/china-home-sales-fall-again-as-policy-shifts-fail-to-stem-decline
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.