China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche
The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China.
Vcg | Visual China Group | Getty Images
China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a big impact on global markets, says veteran investor David Roche.
Despite a remarkable rally in stock markets so far this year, concerns have been growing over the potential ripple effect of a prolonged slowdown in China.
Beijing has acknowledged its immediate economic headwinds and