Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expected
China’s economy is struggling. The recovery after the lifting of Covid-19 restrictions is faltering. Its trade with the rest of the world is shrinking. A decade-long boom in house prices has come to an end.
The most obvious manifestation of the troubles besetting the world’s second biggest economy is that China is now officially in deflation. In the US, the UK and the eurozone, prices are rising – albeit not quite as fast as they were a few months ago – but in China they are actually falling.
About Author
More Stories
SoftBank ‘in talks’ to invest up to $25bn in OpenAI
DeepSeek blocked from some app stores in Italy amid questions on data use
Biggest US trading allies brace for a ‘game of chicken’ with Trump’s tariffs