The Chinese economy will be forced to recalibrate because of a "fractured" global order, according to David Roche, president of Independent Strategy. China's target of "around 5%" growth in GDP in 2023 is its lowest for more than three decades, and below the 5.5% expected by economists. President Xi Jinping and other officials took aim at the West for constraining China's growth prospects, as relations between Beijing and Washington continue to deteriorate. New Chinese Foreign Minister Qin Gang said Sino-U.S. relations had left a "rational path" and warned of conflict, if the U.S. doesn't "hit the brake." Veteran investment strategist Roche told CNBC's "Squawk Box Europe" on Tuesday that "things have changed" permanently with regards to China's role in the global economy, as Beijing will be forced to look inward to achieve its growth ambitions. "China now knows that if it's going to achieve its growth, it has
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