China's Economic Crisis Just Got a Whole Lot Worse

Authorities in China continue to do everything they can to derail the country's globally synchronized bond rally. It continues to hit record low yields anyway in spite of increasingly desperate government efforts. But why? More ugly data on banks, incomes, and Chinese jobs shows bonds are right, and not just about what's already happened to this point. Eurodollar University's Money & Macro AnalysisChina Xinhua Xi Jinping presided over a symposium on comprehensively promoting ecological protection...https://www.gov.cn/yaowen/liebiao/202409/content_6974190.htmBloomberg Xi Urges Efforts to Hit 5% Growth Target Amid Rising Doubtshttps://www.bloomberg.com/news/articles/2024-09-12/xi-urges-efforts-to-hit-annual-growth-target-amid-rising-doubtBloomberg PBOC’s China Bonds See Trading Surge in Sign of Interventionhttps://www.bloomberg.com/news/articles/2024-09-10/pboc-owned-china-bonds-see-trading-surge-in-sign-of-interventionBloomberg China’s Deflationary Spiral Is Now Entering Dangerous New Stagehttps://www.bloomberg.com/news/articles/2024-09-09/china-s-deflationary-spiral-is-now-entering-dangerous-new-stagehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU