U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
Export decrese is in line with almost every other east asian country and its very much so a "western economies go into recession and import less" problem. Groth slowing to ~5% is in line with what everyone is expected and China doesnt sweat too much about it. Its pretty solid especially since its higher quality. Deflation is only a problem if it persists for a long time and if it actualy spans in various types of commodities. If you exclude energy and housing everything else shows small inflation in China still and the real estate sector is going through tough but needed restructuring and regulation periods since last year. Deflation introduced from that part of the economy is more or less a by product of them deleveraging the sector and bursting some bubbles
Except official data doesn't look good? They haven't gaslit shit, they've been reporting slowing growth, decreasing exports, and deflation.
WSJ literally wrote an article "this is what I think China will do and that's why China bad"
What the fuck kind of journalism is that?
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It's crazy how the real economy correlates with numbers in China. I'd love to live in a country like that.
Export decrese is in line with almost every other east asian country and its very much so a "western economies go into recession and import less" problem. Groth slowing to ~5% is in line with what everyone is expected and China doesnt sweat too much about it. Its pretty solid especially since its higher quality. Deflation is only a problem if it persists for a long time and if it actualy spans in various types of commodities. If you exclude energy and housing everything else shows small inflation in China still and the real estate sector is going through tough but needed restructuring and regulation periods since last year. Deflation introduced from that part of the economy is more or less a by product of them deleveraging the sector and bursting some bubbles