Chinese government numbers are going to get worse

As in trust their government even less

Dealbook NYT column by Andrew Ross Sorkin.

Chinese trade plummets. The country said exports in July fell 14.5 percent compared to a year ago and imports were down 12.4 percent, far below analyst forecasts. It’s the latest sign of China’s sputtering post-pandemic recovery, which has been slowed by weak consumer spending and high youth unemployment. Chinese authorities have reportedly told the country’s economists to be less negative as growth stalls.


[quote=“Leap1, post:1, topic:95259”]
[high youth unemployment][/quote]

That is the source of greatest govt concern in China.

That is where the public rises up.

The problem is the peg to the USD. It is never workable…later on…

If you want to look at Venezuela look at its prior peg to the USD. The disaster never ends.