Does Beijing care that China's economy is stagnating?

Policy interventions so far have not had positive impact

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20230906 china job fair

A job fair for university graduates in Anhui province, China on Sep. 4: Demand has been undermined by growing unemployment, especially among the young, and wage cuts. (China Daily via Reuters)

Henny Sender is the founder and managing partner of Apsara Advisory, a strategic consultancy for financial services companies. She was previously a managing director at investment company BlackRock.

China's economic downturn reached a new milestone of sorts with the release last month of economic data for July. This showed consumer prices falling 0.3% from a year earlier, sparking worries that weak demand could begin to entrench deflationary expectations.

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