US continuing claims remain above 20m; we expect payroll numbers later today to drop by -6.5m, more than the -2.8m suggested by the ADP data release this week…
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China’s policy of rebalancing its economy away from investment-intensive, export-led growth is faltering, as many firms in the high-value-added sectors Beijing wants to encourage are on the verge of insolvency pic.twitter.com/kRkLiSgJ4Z
Despite the apparent strength of China’s labour market, other forces are keeping a lid on wages and preventing China from reaching the ‘Lewis turning point’ where it starts to push up global #inflation. Fathom explains why here: fathom-consulting.com/researc… pic.twitter.com/emKZ9pVY2w
China’s official GDP growth has slowed in 2021, but China is still likely to meet or exceed its 6% minimum growth target for 2021 pic.twitter.com/tNriDa2qSF
The post-Trump thaw in #tradetensions between the #USandChina has now gone into reverse, Fathom’s China Exposure Index (CEI) suggests. In this week’s #FathomsNewsInCharts, we look at the challenges that lie ahead for #China pic.twitter.com/3MLKOkQji5
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