Longview Economics - Press coverage

China Is In A Balance Sheet Recession

Written by Harry Colvin | 02 July 2024

America’s economy has been resilient, however, this has come at the cost of high national debt and cracks are beginning to emerge (i.e. the number of people who can’t find a full-time job is trending upwards). Meanwhile, China has also seen a significant rise in both government and private debt and is now in a balance sheet recession.

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