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.