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Time For China To Turn On The Printing Press
[ZH] Summary
RED FLAG FOR RED CHINA The advantage of tracking container volumes is that we can bypass inflation and price distortions. Simply put, on a container volume basis, Chinese imports are struggling: -7% y/y. Container throughput has fallen 20% in the last 2 years. The Chinese economic miracle is fading. Unemployment is 5.3% in the cities and 17% among youth 17-24 years old (ex students). Goldman, Citi, JP Morgan are all expecting growth of <5%. The housing sector is the point of focus. Housing asset values supported the consumer economy but prices have collapsed. The latest month: -7% y/y. The Chinese consumer won't spend until housing prices stabilize. The housing bubble must be reinflated. Lots of stats and graphs follow Posted by: Frank G 2024-09-22 |
| http://www.rantburg.com/poparticle.php?ID=715998 |