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The most important country we are discussing is China.
China is implementing one of its major financial incentives, but Chinese investors are fleeing the country in fear. Like in 2008, China is desperately buying and stockpiling gold, having added 225 tons to its reserves in just the past year. Foreign companies are also leaving China for the first time in 30 years. In the third quarter of 2024 alone, over 8 billion dollars left China, with a total of 13 billion dollars exiting the country this year, a level not seen since 1994.
Despite the economic stimuli China has in place, it continues to experience negative inflation, with average prices in China falling for the sixth consecutive week, marking the longest recession since 1999. While China's market faces its deepest recession, the U.S. stock market remains indifferent, consistently hitting new highs. China is repeatedly lowering interest rates in an attempt to stimulate its economy. 1 reply
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