Comment / OceanX: A flood of ugly data from China – contagion risk heightens 

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After the flooding in Beijing, there came a flood of negative data from China last week.

For one, the birth rate has just hit a record low of 1.09 in 2022.

Exports for July were down to everywhere (but Russia), and imports too.

The cherry on the cake: Evergrande, finally filed for bankruptcy in the US while other debt-laden property companies struggle.

Things look bad.

Confidence is shakier than ever before. Consumption is affected ...