China industry problems

[DrBob2]

While the problems in the real estate sector get a lot of publicity, Chinese industry is suffering.

China's industrial profits plunge at fastest pace since the pandemic

This data release “underscores the need for more forceful policy responses amid weak domestic demand and deflationary pressures,” Goldman Sachs chief China economist Hui Shan said in a note Sunday…

“While there is divergence across sectors, the stress is particularly high in upstream materials and automobiles,” he said.

DB2

[pauleckler]

All the resourcing going on–to Mexico, India, Viet Nam or elsewhere has to have an impact. For China, a global leader in manufacturing, growth has to be difficult.

[steve203]

@pauleckler

For China, a global leader in manufacturing, growth has to be difficult.

China is not the lowest cost source anymore. Luminaries like Carlos Tavares are only interested in where the cheapest labor is.

Steve