The ‘Four Ds’ of China’s economic deterioration. Plus, strategists slash forecasts for the TSX

News Snapshot:

Zongyuan Zoe Liu, the Maurice R. Greenberg Fellow for China Studies at the Council on Foreign Relations, outlined the four “D’s” of China’s economic deterioration during the most recent edition of Bloomberg’s Odd Lots podcast. China’s growth, as a primary determinant of global commodity prices, is of huge importance to a wide swath of the Canadian resource-based economy. Recent data from China has been abysmal despite the post-pandemic reopening of the economy. Bank loan activity fell to a 14-year low and retail sales growth, which had been running between 9-10 per cent before 2020, was announced at an anemic 2.5...