China Beige Book

China’s economy is sputtering

In the latest indicators of China’s economic health, a confluence of falling bond yields, declining GDP growth and persistent consumer price deflation paints a concerning picture for the world’s second-largest economy. Throughout 2024, China’s GDP growth has been a subject of intense scrutiny, with estimates from China-skeptical Rhodium Group ranging between 2.4% and 2.8%. These figures starkly contrast with the official statistics reported by the National Bureau of Statistics (NBS), which...

https://www.freightwaves.com/news/chinas-economy-is-sputtering

China and global trade: Why stimulus is MIA and risks are rising

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NEW YORK — China’s economy has played a central role in ocean shipping for two decades, driving...

https://www.freightwaves.com/news/china-and-global-trade-why-stimulus-is-mia-and-risks-are-rising

F3 keynote: China’s COVID policy showed global supply chain’s fragility

CHATTANOOGA, Tenn. — A leading authority on supply chain, geopolitical tensions and financial risks in China says that country’s zero-COVID-19 policy exposed an already fractured global supply chain. 

Leland Miller, CEO of China Beige Book, which compiles independent Chinese economic data, urges companies to diversify and disentangle themselves from the world’s second-largest manufacturer and exporter of goods.

“What really broke the dam on this is COVID-zero because you had all these problems,”...

https://www.freightwaves.com/news/f3-keynote-chinas-covid-policy-showed-global-supply-chains-fragility