China’s Economy Might Look Good on Paper, but It Feels Like a Recession

China's economy, despite solid headline growth, is suffering from widening losses, declining orders, deflation, record high youth unemployment, falling property prices, and geopolitical tensions.

July 14, 2023 . 9:19 PM

1 min read

China's headline growth in its economy this year doesn't reflect the economic pain on the ground.
Businesses are suffering from widening losses, job layoffs, and declining domestic and overseas orders.
China is on the verge of slipping into deflation, with falling factory-gate prices and minimal consumer inflation.
Youth unemployment has hit a record high, and the property sector is getting worse with falling prices.
China's economic problems are a combination of weakening demand, deepening geopolitical tensions, and regulatory clampdowns.