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Speaking at a webinar, held on June 14, Morgan Stanley chief Asia economist Chetan Ahya emphasized that in the fourth quarter, Asia's growth rate will exceed that of the US. and Europe. Vblink 777, The data raised expectations that the Fed could lead the US economy to a soft landing and allayed concerns that the world's largest economy could slip into a recession.
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"What is worth remembering is China's formidable power and the extent to which China is engaged in the global economy," the article notes. Ten years ago, China exported a relatively small number of cars. Today, the country is the world's top auto exporter, easily ousting Japan from that position. The country is particularly strong in electric vehicles (EVs). Two out of every three EVs produced in the world are made in China." Vblink 777 Vpower, On the one hand, the production and business situation in most industries is still difficult. Many businesses were forced to shrink, no need for bank loans. Others still operate, must consider carefully if they want to borrow to expand investment because the general economy has not recovered. On the other hand, he assessed that although interest rates have been decreasing, they are still high, making it difficult for businesses to decide to borrow capital for investment.
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