Tom Essaye Quoted in MaketWatch on August 14th, 2023
China-focused ETFs drop as country’s property woes highlight ‘recession risks in China are real’
Concerns about China’s economy increased Monday after Country Garden Holdings Co. suspended trading in some offshore bonds, “reminding investors of Chinese property market volatility from years ago and reinforcing that recession risks in China are real,” Tom Essaye, founder and president of Sevens Report Research, said in a note. He also cited “downbeat trade data out of China” last week, with imports and exports both missing estimates.
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