Chinese Consumers Are Trading Down From Luxury To Premium

The Chinese economy remains weak, notes Shaun Rein. He discusses the state of the Chinese economy. He talks about how consumers are trading down from luxury to premium. He expects GDP to outperform expectations in 2024. He also outlines the takeaways from the Joe Biden-Xi Jingping meeting. He suggests that Xi needs to stabilize relations to show Chinese people that there is no imminent chance of war and this will get the Chinese spending again. He then goes over the signs of a turnaround in the Chinese economy. Tune in to find out more about the stock market today.