Business:Investing
This Is Getting Scary... China Is Getting WAY WORSE Than Expected
2023-08-16
#deflation #recession #depression #inflation #interestrates #dollar #bank #money #credit #economy #money #whatismoney #jeffsnider #federalreserve #liquidity #china #yuan #rmb #cny #japan #jpy #yen
China really is gloomy, but is there hope in Japan for a boom? Not so fast. Though Japanese GDP surged the economy there actually went the other way. A big reason why is the increasingly dangerous slide in China. This has even unnerved Beijing - the PBOC panicked into an unscheduled rate cut (pair of them) and the NBS yanked the youth unemployment rate altogether.
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Bloomberg: Japan’s Huge GDP Beat Driven by Exports as Domestic Demand Falls
https://www.bloomberg.com/news/articles/2023-08-14/japan-s-economy-expands-more-than-expected-signaling-resilience
China Daily:
https://www.chinadaily.com.cn/a/202308/15/WS64db0857a31035260b81c3ea.html
NBS suspends release of youth unemployment rate
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