CNBC: China reports big data miss in July, stops releasing youth unemployment numbers
* Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters.
* Industrial production rose by 3.7% in July from a year ago, below the 4.4% increase analysts had expected.
* Fixed asset investment rose by 3.4% for the first seven months of the year from a year ago, below the 3.8% forecast by the Reuters poll.
BEIJING — China reported July data that broadly missed expectations.
The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.
Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters.
Industrial production rose by 3.7% in July from a year ago, below the 4.4% increase analysts had expected.
Read more ....
Update #1: China and Hong Kong Stocks Slump as Economic Gloom Spreads (New York Times)
Update #2: Yuan Falls to Lowest Since November as Chinese Economy Sputters (Bloomberg)
Update #3: China skips giving update on surging youth unemployment as economic slump deepens (AP)
WNU Editor: This is not going to help .... China’s $138 Billion Shadow Bank Spirals at Terrible Time for Xi (Bloomberg).
Update #4: We shall see .... As China’s economy, population implode, Xi is looking to start a war (The Hill).
3 comments:
Typical of tyrants - hide any economic data that is damaging. Like youth unemployment stats.
@ 7:27 PM
You mean the US government?
The USG is hiding lots of stuff now. The Biden Regime redefined illegal alien. Of course shenanigans that is lying started back in the Carter administration. It was in Carter's misrule that illegals aliens were 1st referred to as undocumented.
I have witnessed 1st hand China hiding economic data back in 2009.
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