China ' s economic model is ' washed up on the beach ' and it ' s not going to bounce back, veteran investor says

Lintao Zhang/Getty Veteran investor David Roche told CNBC that China's economic model is "washed up on the beach." He doesn't anticipate it to bounce back as it deals with deflation, slowing growth, and other economic snags. He noted that China's economy has a "huge number of legacy holes in it."…#lintaozhanggetty #davidroche #roche #independentstrategy #squawkbox #peoplebankofchina

Source: Reuters: Health - August 17, 2023 Category: Consumer Health News Source Type: news