China's Economic Headwinds Deepen, Crypto Markets Take a Breather
bitcoinglobalmacro.substack.com
China's economy is encountering strong headwinds; last week, credit rating agency Moody’s downgraded the government’s credit rating from stable to negative. As I highlighted in one of my earlier letters, the current situation confronting Beijing is primarily a result of the troubles in its real estate market, with Chinese property stock sales experiencing a decline of over 25% in the last year.
China's Economic Headwinds Deepen, Crypto Markets Take a Breather
China's Economic Headwinds Deepen, Crypto…
China's Economic Headwinds Deepen, Crypto Markets Take a Breather
China's economy is encountering strong headwinds; last week, credit rating agency Moody’s downgraded the government’s credit rating from stable to negative. As I highlighted in one of my earlier letters, the current situation confronting Beijing is primarily a result of the troubles in its real estate market, with Chinese property stock sales experiencing a decline of over 25% in the last year.