Latest data deluge confirms real dangers and accelerating downside.

#china #recession #inflation #deflation #industrial #spending #money 
China's GDP report as well as its monthly statistics confirm first reopening isn't just completely dead, instead the entire economy is already rolling over and heading toward more weakness. The global recession combined with China's own problems - which weren't really about the pandemic - have left the Chinese exposed to a dangerous downside and no lockdowns to blame this time. 

Eurodollar University's Money & Macro Analysis

China's NBS: The basic situation of the national real estate market in the first half of 2023
http://www.stats.gov.cn/sj/zxfb/202307/t20230715_1941273.html

Bloomberg: Wall Street Cuts China Growth Forecasts as Economy Disappoints
https://www.bloomberg.com/news/articles/2023-07-17/china-growth-forcasts-cut-as-economists-highlight-risks-in-data

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