Russell E. Towne | Aug 21, 2023
8/21/2023 “The China is Fragile”
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 8/21/2023: Towne Wealth Management BLOG:
“The China” is Fragile
The once largest property developer in China…. has declared bankruptcy under U.S. law this last Thursday 8/17/2023. It is estimated to have around $28.1 billion in bonds outstanding, most of which come due in 2025, says Breitbart Business Digest 8/18/2023. Further, China’s economy is limping along at a pathetic 3.2 percent annual growth rate, with consumer spending moribund at best. In addition, Industrial production is meek,investment is staggering and youth unemployment is so bad that the Chinese government has made this official statistic a state secret.
And with this in mind….
What is being served on this China plate, my friends?
Some analysts are advising that this fear…
of a collapse in China…
May be opportunity.
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL