Finance & economics | Unemployed and uncounted

China’s consumers, officials and statisticians all lack confidence

Strange solutions to a barrage of bad economic news

Workers at a workshop at night in the Datang district of Guangzhou, China
A gloomy pictureImage: Getty Images
|HONG KONG

China’s economic problems are distinctive. Inflation is too low, not too high. Many cities have too much housing, not too little. The country’s unmatched saving rate suggests it is, if anything, making excessive provision for its future.

This article appeared in the Finance & economics section of the print edition under the headline “Uncounted”

From the August 19th 2023 edition

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