China’s economy is far from “collapsing” or looking “terrible,” contrary to White House economic advisor Larry Kudlow’s characterization of the Asian country.
“I’m not a China expert, although I’m boning up as fast as I can, I would just say right now their economy looks terrible,” Kudlow said Thursday in response to U.S. President Donald Trump’s question at a cabinet meeting about China’s prospects.
Kudlow also said the latest data showed that “retail sales, business investment is collapsing.” “There may be some manipulation” in the currency and “investors are moving out of China because they don’t like the economy,” he added.
