A crisis looms over China as alarming signs of economic distress emerge. Despite official claims, the job market’s true fragility is exposed by online listings and household surveys, painting a grimmer picture. Adding to the ominous scenario, China is contemplating unsecured loans for real estate developers, marking an unprecedented move with potentially catastrophic consequences. As the fiscal stimulus skyrockets, China faces its highest budget deficit in two decades, fueling concerns of a severe economic downturn.
#recession … #GFC2 China #Labor edition t.co/8sHU4FSjoM pic.twitter.com/DQOZSvMRDh
— Invariant Perspective (@InvariantPersp1) November 24, 2023
BREAKING 🚨: Chinese Property Market
For the first time in history, China is considering offering unsecured loans to real estate developers. What could go wrong? pic.twitter.com/EdFLfmHfQw
— Barchart (@Barchart) November 24, 2023
🇨🇳 China’s fiscal stimulus is pushing budget deficit to highest level in two decades! 🚀
H/t: @FinancialTimes pic.twitter.com/alQZ9NZPp6
— Alex Joosten (@joosteninvestor) November 24, 2023