China’s Reopening Comes With a $720 Billion Inflation Bomb
Poring over Chinese bank-account and income data calculated that Chinese households have indeed built up excess savings, to the tune of $720 billion. “Those calling for a mega-surge of Chinese pent-up demand,” the Nomura economists said, “should be careful what they wish for.” In China, the reopening of the economy is coming at a time … Read more