Hacker News new | ask | show | jobs
by eunos 1043 days ago
> China stopped reporting youth unemployment, estimated around 20-50%

youth unemployment data is just another toxic data that rarely used before in China and others just like "Total Debt" metrics that only used against China for some reason.

> China's economy slipped into deflation

Mainly caused by normalizing pork price, last year it went wild due to swine flu.
1 comments
worrycue 1043 days ago
> Mainly caused by normalizing pork price, last year it went wild due to swine flu.

Seriously? One food can cause the entire economy to slip into deflation?

link
eunos 1043 days ago
Pork price is a huge component of Chinese CPI. Also the price reductions were massive, like double digit huge.

https://www.cnbc.com/2023/08/09/china-reports-smaller-than-e...

"A 26% year-on-year drop in pork prices, a staple food in China, contributed to the overall decline in the CPI in July"

link