5 ms·
With numbers like 1.) YOUTH UNEMPLOYMENT is somewhere between 20% and 50%, 2.) 95% decrease in FDI https://unherd.com/thepost/foreign-investment-plummets-as-the
by jamesaurichs 3y ago
With numbers like 1.) YOUTH UNEMPLOYMENT is somewhere between 20% and 50%, 2.) 95% decrease in FDI https://unherd.com/thepost/foreign-investment-plummets-as-the-west-snubs-china/ https://unherd.com/thepost/foreign-investment-plummets-as-th... 3.) double digit plunge in import and export in July https://www.cnbc.com/2023/08/08/china-reports-double-digit-plunge-in-july-exports-and-imports-missing-expectations.html https://www.cnbc.com/2023/08/08/china-reports-double-digit-p... 4.) negative CPI
I would call it what it is: China is in a great depression
- unstatusthequo 3y agoAnd assume any number they provide to the “outside” is also exaggerated in their favor. So I assume any number provided is at least, a best case figure, or total invention.