Goldman Sachs, Citigroup cut China's 2024 growth forecast to 4.7%

Because your population is too poor to buy what your industries build. Chinese govt takes money out of common man's pockets to subsidise industry.


Chinese premier Li Keqiang-

"China is a populous developing nation with an average per capita income of 30,000 yuan ($4,196.33) per annum, but 600 million people have a monthly income of only 1,000 yuan"
There was many years ago and he was talking about "disposable" income, in US that could be negative, they borrow money to get by. how about Indians disposable income?
 

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