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Wall Street Keeps Overestimating China's Macro Data
Market Depth
China's Economy Is Rebalancing
The data releases that are coming in to the downside on China are not market moving anymore and haven't been for some time. The breakdown within this fixed asset investment actually shows how China's economy is sort of rebalancing, if you will. And then youth unemployment hits another record high at 21.3% for a third consecutive month above 20%. It looks like we're going to get a record 12 million graduates from college this year to add to that one fifth jobless rate for 16 to 24 year olds.
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