As the stimulus packages increased US spending, China's GDP went up 18% in Q1 led by a growth of 38% in exports to the US while US retail only grew 14% Numbers are making many realize how much our economies are tied to each other.
Stimulus checks are working to stimulate the US economy. However, they are stimulating much more than this. China's economy has seen a huge growth in exports to the US as well. In a global economy, the actions of the two giants are linked and affect each other.
What will this mean for investors? Time will tell. In the meantime,
Want to know what it might mean for you or have more questions? Contact our team of Financial Advisers at: +1 787-238-6525 and firstname.lastname@example.org at Lyon Bern We have offices in Puerto Rico and Florida. Contact our team to schedule a digital or in-person meeting.