Tuesday: Inside China's wage deflation
Jan 22, 2024•10 min
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Episode description
US stocks rose again overnight to set fresh record highs on bolstered hopes for a soft economic landing, while China’s stocks fell 2.4% to near a two-decade low as investors worry about deflation and capital outflows.
In our bonus deep-dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung, takes a closer look at the growing numbers of unemployed migrant workers in China’s cities.
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