China's unemployment rate has risen sharply to 5.2%, surpassing the forecasted 5% and indicating a concerning non-linear increase. This pattern, often a precursor to recessions, echoes trends in the U.S. Significant portions of the global economy have become overly reliant on low interest rates, leading to a kind of "zombification." As central banks maintain higher rates, these fragile sectors may face collapse, potentially triggering rapid rate cuts and a spike in market volatility.
92 sats \ 0 replies \ @Golu 15 Aug
China's economy is just hanging by a thin thread now. I can confirm it because I've long been handling logistics with China. Within last 6 months or so, the demand of Chinese products have gone down to more than 50% in my books. It's also decreasing by ever day.
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128 sats \ 1 reply \ @IamSINGLE 15 Aug
As far as I can see from whatever media inputs we get about China in India, China is already under the effects of recession. Their backbone of economy has been manufacturing and that's been damaged severely due to excessive production.
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11 sats \ 0 replies \ @TomK OP 15 Aug
interesting. here in europe, china is presented as a kind of political role model in the media, and there is a tendency to report positively on the economy, which is of course nonsense. but we don't know any other way any more
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47 sats \ 0 replies \ @Satosora 15 Aug
China is already going in that direction.
Soon it will spiral out of control.
I heard many people are migrating to the city because of work.
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47 sats \ 0 replies \ @BitcoinAbhi 15 Aug
https://m.stacker.news/45944
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