China’s September export growth slowed to the lowest pace since April, and at the same time, consumer and factory prices were weaker than expected. With the numbers going down, it is clear that the real economy continues to face serious challenges.
After the recent stock market gyrations and with the continued lack of consumer and investor confidence, many are wondering exactly what the plan from Those in Command is going to be. On Saturday there was an announcement of more stimulus but no numbers, and the plan remains unclear. But what is clear is that China’s real economy needs help.