China’s economy has come under scrutiny as consumer prices in the country have fallen for the first time in two years. This has led President Biden to express concerns about China’s growth being a “ticking time bomb”. Kenny Polcari, Managing Partner at Kace Capital Advisors, LLC, shares his skepticism about some of the numbers coming out of China, warning that the rules and regulations in the country can change unexpectedly.
Polcari also highlights the impact of oil prices on China’s economy and advises investors to consider international markets, particularly Europe. With China being a major consumer of oil, any fluctuations in oil prices can greatly affect its economy. Furthermore, Polcari emphasizes the importance of monitoring global markets and diversifying investments to mitigate risks and take advantage of potential opportunities.
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