Real Estate and Financial Sectors Compound China’s Economic Woes

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

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.