Chinese Economy Nosedive Continues, Sinking Oil Prices

August 2, 2022

No Comments

Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV, GETTR, Truth Social

A poll conducted by the Caixin news service on Monday found China’s economy foundering as the second half of 2022 began, with slower manufacturing activity, higher unemployment, and a depressed real estate market.

China’s weakening economy reduced its demand for oil, combining with downbeat manufacturing data from other countries to bring oil prices down by four percent.

Caixin’s poll found that Chinese manufacturing activity slowed considerably in July — or possibly even contracted — after the latest round of coronavirus lockdowns ended in June and produced an exuberant surge in production...

To read more visit Breitbart.

'NO AD’ subscription for CDM! Sign up here and support real investigative journalism and help save the republic!‘

Author

CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."