These 6 shocking twists show just how bad China's economy is right now, says Bank of America

Tech Insider : Economy, Economy
Congested city intersection with many shops and digital billboards
China is battling stagnant growth, deflation, and spiking youth unemployment.

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One in 5 Chinese young adults looking for work is unemployed. The lack of work slows down the whole economy

Tech Insider : Economy
A group of Chinese workers witting at desks and working on computers.
Some Chinese companies have a "996" work culture where staff work from 9 a.m. to 9 p.m., six days a week.

Hector Retamal/AFP via Getty Images

China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on

Tech Insider
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.
The US Department of the Treasury building.

Celal Gunes / Anadolu Agency

China Evergrande, the world's most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection

Tech Insider : Economy
Evergrande
The logo of Evergrande Real Estate on a crane in Hangzhou, east China's Zhejiang Province.

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The US is quietly warning its Middle East partners about the cost of stocking up on Chinese-made weapons

Tech Insider
China Xi Jinping Saudi Arabia Mohammed bin Salman
Chinese President Xi Jinping with Saudi Crown Prince Mohammed bin Salman in Riyadh in December 2022.

Royal Court of Saudi Arabia/Anadolu Agency via Getty Images

China's economic model is 'washed up on the beach' and it's not going to bounce back, veteran investor says

Tech Insider : Economy
China Xi Jinping

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Argentina's top presidential candidate wants to use the US dollar to crush inflation and transform the country's economy

Tech Insider
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dollar

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China's tanking economy is costing major US companies and could throw cold water on America's economic boom

Tech Insider : Economy
China manufacturing
A factory of the Zhejiang Headway Communication Equipment Co. in Huzhou, China.

Reuters/Stringer

China's state-run banks are swapping dollars for yuan as officials tell them to intervene in currency markets

Tech Insider
China yuan
A staff member displays the new version of the 100-yuan RMB banknotes (US 15.7 dollars) to photographers at the Bank of China Tower in Hong Kong

AP/Kin Cheung

Hedge fund Vantage Point is slashing its exposure to US stocks and seeking value in China

Tech Insider
Singapore.
Singapore.

Taro Hama @ e-kamakura/Getty Images

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