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20%+ unemployment for young workers and GDP growth is shrinking. Falling exports. Local municipalities on the verge of bankruptcy with over $9 trillion in deb
by adrr 3y ago
20%+ unemployment for young workers and GDP growth is shrinking. Falling exports. Local municipalities on the verge of bankruptcy with over $9 trillion in debt? With deflation making that debt much worse. How is that better than the US?
https://www.bloomberg.com/news/newsletters/2023-06-02/the-next-big-risk-for-china-s-economy-is-9-trillion-of-debt https://www.bloomberg.com/news/newsletters/2023-06-02/the-ne...
https://fortune.com/2023/08/08/china-economy-youth-unemployment-statistics-misleading-lying-flat-fake-jobs/ https://fortune.com/2023/08/08/china-economy-youth-unemploym...
https://www.wsj.com/articles/chinese-exports-fall-at-steepest-pace-since-february-2020-e930246b https://www.wsj.com/articles/chinese-exports-fall-at-steepes...