
Chinese traders looking stressed during one of the many down days at the Chinese stock market during Shemitah 2014-15
(BREITBART) – A poll conducted by the Caixin news service on Monday found China’s economy foundering as the second half of 2022 began, with slower manufacturing activity, higher unemployment, and a depressed real estate market.
China’s weakening economy reduced its demand for oil, combining with downbeat manufacturing data from other countries to bring oil prices down by four percent.
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Caixin’s poll found that Chinese manufacturing activity slowed considerably in July — or possibly even contracted — after the latest round of coronavirus lockdowns ended in June and produced an exuberant surge in production.