China's economy is in trouble: What does that mean for the U.S.?

And as the recovery falters, a moment of truth looms, with potentially enormous consequences for the United States.

And even as diplomatic links between the two nations fray, business ties persist. Elon Musk of Twitter and Tesla, Jamie Dimon of JPMorgan and Tim Cook of Apple have all recently visited China, in what could be seen as an attempt at reassurance.. “You’re not going to fix these things if you are just sitting across the Pacific yelling at each other.”Chinese President Xi Jinping at a joint press conference for the China-Central Asia Summit in Xian, Shaanxi province, May 19.

Now, life in China is returning to normal, but its economy continues to show signs of burgeoning problems that clash with the image of an unstoppable global force.lifting its own residents out of poverty

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Canada may have to raise rates again this summer given recent momentum: EconomistsEconomists say the momentum is putting the Bank of Canada in a tough spot: the central bank has argued that a slowdown is necessary to bring inflation back to the two per cent target, but that slowdown hasn’t yet come to fruition.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »