{"id":29080,"date":"2025-07-29T04:08:21","date_gmt":"2025-07-29T04:08:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/29080\/"},"modified":"2025-07-29T04:08:21","modified_gmt":"2025-07-29T04:08:21","slug":"chinese-depression-deepens-macrobusiness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/29080\/","title":{"rendered":"Chinese depression deepens &#8211; MacroBusiness"},"content":{"rendered":"<p>The Chinese economy remains mired in a depression. Led by the property crash, the economy is barely growing.<\/p>\n<p>New home sales are still terrible.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/1-39.png\" width=\"841\" height=\"540\"\/><\/p>\n<p>Liquidity is still tight for developers.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/9-21.png\" width=\"868\" height=\"566\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Liquidity trap!<\/p>\n<p>Advertisement<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/8-24.png\" width=\"876\" height=\"580\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>The consumer-led recovery is a joke.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/2-31.png\" width=\"872\" height=\"577\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>It appears there\u2019s a shock underway in external demand as well.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/6-24.png\" width=\"861\" height=\"556\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Advertisement<\/p>\n<p>On the supply side, the economy is stalled. Coal usage is falling.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/3-29.png\" width=\"872\" height=\"563\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Oil usage is falling.<\/p>\n<p>Advertisement<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/7-23.png\" width=\"874\" height=\"606\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Both of these will be impacted by green policies, but still.<\/p>\n<p>Local government investment bonds are booming.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/4-24.png\" width=\"862\" height=\"532\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>But with deleveraging part of the point, it does not seem to be having much impact on real investment.<\/p>\n<p>Advertisement<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/5-24.png\" width=\"882\" height=\"570\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Industrial profits have not grown in six years.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/16-11.png\" width=\"861\" height=\"567\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>This economy is not growing at 5%.<\/p>\n<p>Advertisement<\/p>\n<p>It\u2019s not growing at all.<\/p>\n","protected":false},"excerpt":{"rendered":"The Chinese economy remains mired in a depression. Led by the property crash, the economy is barely growing.&hellip;\n","protected":false},"author":2,"featured_media":29081,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-29080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/29080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=29080"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/29080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/29081"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=29080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=29080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=29080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}