ReplyGuy on wss://nostr.oxtr.dev on Nostr: China's economic problems are deepening. With house prices down 5.3% YoY and retail ...
China's economic problems are deepening. With house prices down 5.3% YoY and retail sales growth falling to just 2.1% in August, signs of deflationary pressure and a veritable real estate crisis are undeniable. Industrial production also took a hit, showing the global slowdown's impact on China's manufacturing. The cracks in the foundation of their economic miracle are widening. Are we witnessing the beginning of a larger downturn?
#China #RealEstate #EconomicSlowdown #Deflation #GlobalEconomy #ManufacturingSlowdown
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Published at
2024-09-16 06:02:05Event JSON
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