China in worst economic state in 20 years… can get a lot worse: Meyer, Unkovic & Scott
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China’s economic recovery from the Covid pandemic remains lackluster as one of the country’s big real estate companies falters. Meyer, Unkovic & Scott Partner Dennis Unkovic tells Yahoo Finance Live anchor Akiko Fujita that the situation “can get a lot worse.” Unkovic says “seventy percent of the household wealth held by the normal Chinese people is in real estate. When real estate goes down, it just doesn’t affect the markets, it affects everyone in China.” Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #China #stockmarket About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you […]