Data from China for August economic activity was terrible.
Weak consumption was reflected in very slow retail sales growth. A previous bright spot, industrial production, decelerated also.
Youth unemployment remained wedged at 17.1%
Home prices slumped at their sharpest rate in a year.
My post from the weekend included bizarrely upbeat comments from China's National Bureau of Statistics (NBS):
It looks like Temu has seen a rush on these. Not surprising after that data.