Stark reminder for all execs talking up SME exposure
The smaller, the more exposed to China
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4968201
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Dreamstime.com
By Ruben Huber
After the flooding in Beijing, there came a flood of negative data from China last week.
For one, the birth rate has just hit a record low of 1.09 in 2022.
Exports for July were down to everywhere (but Russia), and imports too.
The cherry on the cake: Evergrande, finally filed for bankruptcy in the US while other debt-laden property companies struggle.
Things look bad.
Confidence is shakier than ever before. Consumption is affected ...
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