2023 Moody's Downgrades China's Credit Rating / Who is the Next China?
China's Economic Situation at the End of 2023: There have been many reports about the concerning state of China's economy. I'm curious as to why China's economy is gradually worsening and becoming more serious. Although I live in China, I don't personally feel the signs of an economic downturn that strongly affects me. Let's briefly examine the current risks in China and the countries that may continue the role of the world's factory after China. Moody's Downgrades China's Credit Rating As tensions between the United States and China escalate and the world grapples with the COVID-19 pandemic, China's economy has started to decline rapidly. China has been fostering labor-intensive industries such as textiles and electronics since the 1980s. However, it is now being evaluated that China's manufacturing heyday has come to an end due to the global economic downturn and the US-China trade war. After COVID-19, China's domestic growth has slowed...