Chinese economny

A recession is ‘hiding in plain sight,’ an investment consultancy firm says, as concerns grow over China’s dismal economic landscape.

Experts say Beijing isn’t waiting on rolling out a new significant stimulus package; it doesn’t have the money or fiscal space to do so. In addition, China’s economy will enter economic stagnation for 10 to 20 years at a growth rate between 0 to 2 percent.

The sale of New York’s landmark Waldorf Astoria Hotel to a Chinese insurance company raises security concerns.