China highly concerned after Japanese Navy guided missile destroyer visits India's Port Blair near Malacca strait.

China's Economic Slowdown

- Country is in deflation for first time since February, 2021.

- Youth unemployment at record high 21.3%.

- Exports have fallen to a three-month low, imports at five-month low.

- China’s biggest private homebuilder Country Garden, lost around $7.6 billion in the first half of the year and missed bond payments.

- New lending by banks has fallen to lowest levels since 2009.

- Local government debt continues to mount, has now risen to $9.3 trillion.

- IMF projected 5.2% growth for 2023, equivalent to 35% of total global growth, but other analysts are starting to revise estimates downwards.