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> China stopped reporting youth unemployment, estimated around 20-50% youth unemployment data is just another toxic data that rarely used before in China and o
by eunos 3y ago
> China stopped reporting youth unemployment, estimated around 20-50%
youth unemployment data is just another toxic data that rarely used before in China and others just like "Total Debt" metrics that only used against China for some reason.
> China's economy slipped into deflation
Mainly caused by normalizing pork price, last year it went wild due to swine flu.
- worrycue 3y ago> Mainly caused by normalizing pork price, last year it went wild due to swine flu. Seriously? One food can cause the entire economy to slip into deflation?
- eunos 3y agoPork price is a huge component of Chinese CPI. Also the price reductions were massive, like double digit huge. https://www.cnbc.com/2023/08/09/china-reports-smaller-than-expected-drop-in-consumer-prices.html https://www.cnbc.com/2023/08/09/china-reports-smaller-than-e... "A 26% year-on-year drop in pork prices, a staple food in China, contributed to the overall decline in the CPI in July"