China Factory Deflation Deepens, Consumer Prices Rise

The video discusses China's economic state, highlighting deflationary trends, high unemployment, and challenges in the property market. Despite reopening efforts, inflation remains low, with tourism and spending below pre-COVID levels. The GDP growth is modest, with unemployment persisting, especially among youth and migrant workers. The service sector shows signs of recovery, but the overall economic outlook remains cautious.

What factors are contributing to the challenges faced by migrant workers in returning to work?

What behavioral changes in the labor market does the speaker anticipate post-COVID?