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Tuesday: Inside China's wage deflation

Published 2 years, 2 months ago
Description

US stocks rose again overnight to set fresh record highs on bolstered hopes for a soft economic landing, while China’s stocks fell 2.4% to near a two-decade low as investors worry about deflation and capital outflows.

In our bonus deep-dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung, takes a closer look at the growing numbers of unemployed migrant workers in China’s cities.


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