China in trouble? (#553)

 

China in trouble as economic data keeps on disappointing?

Chinese data keeps disappointing, every since the -7.5% export data from April. Expected was a strong rebound after they lifted zero-covid restrictions. But not happening.

Just this week;

• Among 70 Chinese cities, 49 saw a fall in new home prices month-on-month in July from 38 cities the previous month.
• China suspends youth unemployment data after record high.
• Over the last decade they’ve halved the number of indicators they publish.
• Retail sales lower
• Industrial production lower
• fixed asset investments lower

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Simon Shares

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