Chinese President Xi says the global economic recovery is fragile and weak

Chinese President Xi says the global economic recovery is fragile and weak.

I believe the psychology folks call this 'projection'. (I'll be sent to the naughty corner for this).

China's economy, too, is facing challenges. Not least the conitnued weight of its 'zero' covid policy and associated lock downs. This from earlier:

• BoA on negatives for Chinese equities Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Read this Term (but have they missed positives?)

More from Xi now:

• China will continue to provide vaccines to other countries
• efforts needed to stabilise global supply chains
• should guard against spillover effects from policy changes in some countries
• calls for coordinated policies across countries

President Xi Jinping is attending the opening ceremony of the Boao Forum for Asia virtually and delivers a keynote speech.

Xi in happier times: