Chinese economy TANKING,,,,,,,COULD BE a DRAG on COPPER ????https://www.marketwatch.com/articles/china-japan-property-economy-covid-population-668b3419?mod=markets Red Flags
Recent data out of China raise red flags—exports have declined sharply and the country had an annual drop in consumer prices last month. Credit growth in July came in well below expectations. Inflation remains weak. The drumbeat of bad news continued as industrial production and retail sales both came in weaker than expected for July, which prompted the central bank to cut two key interest rates this week. At the same time, the statistics office said it would stop publishing data on youth unemployment, which had been rising for months—never a good sign.
“This is an extremely difficult moment for China,” said Spiro. “It’s dealing with a number of very acute challenges.”