Chinese Canaries

The Credit Strategist Blog

China’s economy is slowing after a much-anticipated post-covid recovery failed to materialize.  In June, exports fell 12.4% (a bigger drop than May’s -7.5% decline) and the producer price index, which measures wholesale costs, was down -5.4% year-over-year (a bigger drop than May’s -4.6% fall). China’s year-over-year CPI rose by a paltry 0.7% in the fir…