China’s Real Economy Is Shutting Down Faster Than Expected
China’s Real Economy Is Shutting Down Faster Than Expected
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China’s economic engine is stalling, and even the country’s National Bureau of Statistics isn’t attempting to hide it. Chinese companies are struggling to make a profit as prices decline while costs rise. For exporters, a strong yuan isn’t helping either. Large, profitable corporations also face the risk of becoming targets of “remote fishing,” a new practice where local governments exploit businesses to generate revenue. Even the three new export pillars—electric vehicles, lithium batteries, and solar cells—are underperforming.
1. China’s YTD Economic Data
2. Electric Vehicles, Lithium Batteries, and Solar Cells
3. “Remote Fishing”
4. 2024 Nobel Prize in Economic Sciences
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