It looks as though the house of cards is collapsing!!

"The bad economic news from China keeps coming.

Exports fell 12.4 per cent last month. Between 2012 and 2022 China added $US10 trillion more to its debt load than the US. Youth unemployment is at record levels, even as manufacturers report severe labour shortages. The residential property developers at the heart of China’s long boom look increasingly vulnerable, and local governments who have long relied on a red-hot real estate market for revenue are turning to Beijing with their hands out.

Some look at the troubling statistics and predict that China is headed for a catastrophic market bust. Such forecasts, for now, seem premature. The central government still has a lot of money to throw at its problems, and the increasingly totalitarian state that China is becoming has many policy tools at its disposal."

The rest of the World hits the skids too because the Western mentality greed has become hopelessly dependent on China !

"The central government still has a lot of money to throw at its problems, and the increasingly totalitarian state that China is becoming has many policy tools at its disposal."

So there is an economic problem there or their isn't?
- I'm not sure if you're contracticting yourself or what you're trying to say.

"Youth unemployment is at record levels, even as manufacturers report severe labour shortages."
- That sounds a little contradictory too, tbh...

Economic Pain Is Breaking The West - NATO Summit Disaster
http://youtu.be/Mycp_cyGjI0

I reckon that Albanese will have Australia hitting the skids before China does. China has the sense to continue using cheap energy; Albanese is making our energy dearer, when he is not trying to divide the country racially. What an idiot!

A totalitarian state like China does not need money or any other viable currency - it can simply order its denizens to work harder and eat less. North Korea is already an example of that.

AC,

Unless you have been living under a rock and can't read, this is just the latest bad news from China.

In addition to exports falling 12.4% from June 2022 when China was in covid lockdown, China's debt is $10Tr more than the US over the decade, youth unemployment is about 21% (70% are university graduates) and the factories have a shortage of blue-collar workers.

The Chinese property market, which comprised 29% of the GDP in 2020, has collapsed. Nearly every private developer is going bankrupt leaving $Trillions of debt owed to banks and private individuals and cutting the money supply to local governments.

4 provinces are essentially bankrupt and while China is pouring more money into the economy, it all comes from debt.

And there is plenty more. So yes, China has serious economic problems.