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.
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.
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.
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