News for hackers. Stuff that matters.
Re:Chinese Trust Companies on the Brink by jamesaurichs on Saturday August 12, 2023 @01:04PM (#37102133)
With numbers like 1.) YOUTH UNEMPLOYMENT is somewhere between 20% and 50%, 2.) 95% decrease in FDI https://unherd.com/thepost/foreign-investment-plummets-as-th... 3.) double digit plunge in import and export in July https://www.cnbc.com/2023/08/08/china-reports-double-digit-p... 4.) negative CPI

I would call it what it is: China is in a great depression

Re:Chinese Trust Companies on the Brink by unstatusthequo on Saturday August 12, 2023 @02:02PM (#37102670)
And assume any number they provide to the “outside” is also exaggerated in their favor. So I assume any number provided is at least, a best case figure, or total invention.