The World Economics Survey reported that in December, China’s Investor Confidence Level decreased to 48.1.
The study strongly implies that the Chinese economy’s growth rate has slowed considerably and may be headed for a recession in 2023.
The poor Chinese data had little effect on the AUD/USD because it gains from a generally weaker US Dollar as a result of the decline in the USD/JPY pair.
The spot was last spotted rising by 0.51% on the day to 0.6715.
