“If you don’t like the numbers, you change them – or stop publishing them,” says Andrew Ross Sorkin about Chinese economic numbers.  Beijing will stop publishing figures for youth unemployment in China, because it’s so bad.

Anna Ashton from Eurasia group has heard that youth unemployment numbers could be worse than the last reported rate by Beijing of over 21%.  It could actually be as high as 40%.  She says some problems in China could be deflationary, and the Chinese aren’t spending at home, nor abroad.  We may be seeing some manifestation of the de-risking going on by companies from China.