Clearly, China is gaining importance and the euro is losing importance.
Out of the box thinking from a finance legend
According to Lombard Street Research, the Chinese economy is actually shrinking, not just slowing.
All data coming out of China needs to be taken with a grain of salt. Some are higher, some are lower, but these unofficial estimates are pretty scary.
Clearly, China is gaining importance and the euro is losing importance.
Out of the box thinking from a finance legend
According to Lombard Street Research, the Chinese economy is actually shrinking, not just slowing.
All data coming out of China needs to be taken with a grain of salt. Some are higher, some are lower, but these unofficial estimates are pretty scary.