Her comments come after the biggest rate cut in China since 2020, which was delivered alongside a slew of worse-than expected economic data. The analyst put out some interesting charts comparing 1990s Japan to modern China: t.co/hHM4FuSC2a pic.twitter.com/N6U1qsfxFe
— Lisa Abramowicz (@lisaabramowicz1) August 15, 2023
New rate cuts from the PBoC! 🇨🇳🥶
Spreads between USD and CNY rates are now above 2008 levels where USDCNY traded at 7.75+
Will the CNY depreciate much further?
More -> t.co/dSzRWibDBV pic.twitter.com/c6Ppm1MdW1
— AndreasStenoLarsen (@AndreasSteno) August 15, 2023
Can China defy gravity or will it follow the Japanese path?
Our FULL China week coverage here -> t.co/o5O3163QmN pic.twitter.com/3kQw7xtneQ
— AndreasStenoLarsen (@AndreasSteno) August 14, 2023
The Chinese business model is under structural pressure
The structural uptrend for the Manufacturing Hub ended in 2018/2019
What's next? More -> t.co/zHvkWv0dnH pic.twitter.com/7BLEgsMueR
— AndreasStenoLarsen (@AndreasSteno) August 14, 2023
China's youth (16 – 24) unemployment rate hit 21.3% in June. Coincidentally, China's National Bureau of Statistics has said it will stop publishing this particular series from now on. pic.twitter.com/UpqukS3adg
— Longview Economics (@Lvieweconomics) August 15, 2023
Contagion fears spread as China property sector cash crunch intensifies
DEFLATION in China? Will it spread to the West?
Our China week begins with our assessment of how inflation trends in China versus the West
More -> t.co/zHvkWv0dnH pic.twitter.com/xy7M9vA3vW
— AndreasStenoLarsen (@AndreasSteno) August 14, 2023