The biggest threat to China’s economy in 2021 would be “international price shocks”, according to the study! Welcome into the inflation world!!!
As a result, many Chinese manufacturers – especially those that serve developing nations – would have to take a financial hit as they would be unable to pass on the price increases to their customers.
The study’s forecast of 8.1% growth in 2021 is in line with figures put forward by the International Monetary Fund and the World Bank.
I stay confident about China even if we will have a bumpy month ahead.