It is very alarming and they are already having issues servicing debt (Evergrande). Does the GDP affect the discretionary spending of the people in China? They have a lot of people so they also buy some things from all over the world.
Posted Using LeoFinance Beta
I would say the spending is causing helping to cause the drop in GDP. Demand is waning so it is making it harder to supply. In China, it isnt as bad as the US since it is not a consumption based economy but this is felt throughout the economy.
Posted Using LeoFinance Beta