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China’s economy has been struggling to reawaken from an economic shutdown that was officially ended last year. Chinese authorities are now reported to be pressuring economists and analysts within the country to avoid discussing any negative trends and to avoid using the word deflation, as concerns grow about the leaderships’ ability to stimulate the economy. In April consumer confidence fell back to the lows of 2022, according to China’s National Bureau of Statistics, which promptly stopped releasing the figure.
The Chinese government, facing an expected seventh consecutive monthly increase in youth unemployment, two weeks ago announced that it was suspending the release of that data. On top of this, the demographic problems brought about by the one-child policy are growing.
Michael Pettis Blog Link: https://carnegieendowment.org/chinafinancialmarkets/89466
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