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China is Crumbling - Joe Blogs
In this video I discuss the latest data and ongoing problems within the Chinese Economy. Chinese businesses are under severe pressure with producer prices falling at their fastest rate for 6 months and having now fallen for 30 consecutive months. The economy is currently in the grip of deflation with domestic prices having fallen in every one of the past 3 months. Added to this the USA represents the largest single export market for China's exports and those exports are now facing minimum Tariffs of 30%, however that figure could rise depending upon the outcome of the ongoing trade deal negotiations. If the current trading conditions continue the Chinese Economy is at risk of imploding and will not come close to hitting the target GDP growth figure of 5.0% for 2025.
Chapters:
0:00 Intro
1:17 PRODUCER PRICES
4:24 PMI
6:16 EXPORTS
7:30 IMPORTS
8:38 INFLATION
9:58 FOOD INFLATION
10:49 USA
14:46 SUMMARY & CONCLUSION