Commentary
Retail prices are falling, exports are down, the famously troubled real estate sector is getting worse, and youth unemployment is so high in China that the government has stopped publishing data.
A Chinese bank worker prepares to count a stack of U.S. dollars and stacks of 100 Chinese yuan notes at a bank in Hefei, Anhui Province, China, on March 9, 2010. On Aug. 16, 2023, the yuan hit a 16-year low of 7.2981 to the U.S. dollar. STR/AFP via Getty Images
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
