China’s 5.3% GDP Is Not Real

🇨🇳 🇨🇳 China’s 5.3% GDP Is Not Real: By the end of 2023, only 9.5% saw good job prospects, according to the central bank’s latest urban depositor survey. Preparing for rainy days, households added 8.6 trillion yuan ($1.2 trillion) in their savings in the first quarter. The CSI 2000 Index, whose small-cap companies are more sensitive to business cycles, is down 20% for the year. Meanwhile, as of February, government fiscal revenue fell 2.3% from a year ago

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