Is China’s Economy in Even Deeper Trouble Than We Think?

by Wolf Richter
Wolf Street

Rail freight volume plunges to 2007 levels.

Rail freight volumes are an indicator of China’s goods-producing and goods-consuming economy, not just manufacturing, construction, agriculture, and the like, but also consumer goods. Thus they’re also an indication of consumer spending on goods. Alas, rail freight volume is collapsing: the first quarter this year puts volume for the whole year on track to revisit levels not seen since 2007.

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