Much of what Asian wealth managers thought they knew about the globe’s two largest economies in 2023 is steadily going awry. The US economy’s pivot toward recession has yet to materialize. And, more importantly for the region, China’s much-hyped post-COVID boom is looking more like a series of pops. “China’s recent economic data show an uneven economic recovery,” Jasmine Duan,…
China’s muted COVID rebound a disappointment for private bankers
By William Pesek, contributing editor | 18 May 2023
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