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- China's economy – the world's second largest – is slumping.
- Growth is stagnating, stocks have plummeted, and youth unemployment has spiked.
- Six numbers sum up the economic carnage, according to Bank of America.
China's hopes for a post-pandemic economic rebound have been dashed this year, with second-quarter GDP figures falling well short of forecasters' expectations and falling prices plunging the country into deflationary territory for the first time since 2021.