China’s Economic Slowdown is Raising Many Issues

Mohamed El-Erian said Thursday he believes China can engineer a soft landing to its recent stock market woes, but the country’s economic slowdown is raising a multitude of issues.

“China is no longer a locomotive of global growth, and that has implications for companies. It has implications for commodities markets,” Allianz’s chief economic advisor told CNBC’s “Squawk on the Street.”

China’s main stock index, the Shanghai composite, recently plummeted 30 percent after running up more than 150 percent in about a year. In response, the government imposed a series of restrictions to stem the fall, including a ban on new initial public offerings and a measure preventing large stakeholders from selling their shares.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.