There are also problems with the Chinese economy

By: Trademagazin Date: 2023. 01. 26. 10:50

In the world’s most populous country, the number of deaths exceeded the number of births for the first time in six decades, meaning that its population is shrinking.

All of this can have serious consequences for the country, such as an increased burden on the health sector, more people will rely on pensions, and the workforce will also decrease. In addition, China’s economy may also become more and more anemic, which will be felt globally, according to the summary of iBanFirst, a fintech company specializing in international transactions.

While the US economy is strong, with stable consumer spending and a tight labor market, China is the exact opposite. The economy is weak, consumers are not spending, inflation is low, and the labor market is showing a clear slowdown. What kind of future does the Chinese currency face in the coming months?