# How bad is the Chinese economy?

> An explainer outlines China's slowing economy, with GDP growth near 1.0% since 2021 versus 1.5-2.0% before the pandemic, PMI readings repeatedly below 50, and the PBOC having cut rates substantially. The yuan is near historic lows against the dollar, and new loans and exports have been volatile.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/12304-how-bad-is-the-chinese-economy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weak Chinese growth and manufacturing contraction point to softer demand for feed grains, soymeal and livestock feed inputs. Persistent rate cuts and yuan weakness reinforce a bearish medium-term outlook for Chinese feed demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | +1.4% | +5.6% |
| SOY | 2024-10-29 | [How the US election could impact China's markets \| Reuters](https://feedsoft.ai/events/28073-how-the-us-election-could-impact-china-s-markets-reuters.md) | +1.4% | +1.2% |
| SOY | 2019-09-10 | [China economy: Yuan (Renminbi) could hit 7.3 by end of 2019, CLSA says](https://feedsoft.ai/events/57294-china-economy-yuan-renminbi-could-hit-7-3-by-end-of-2019-clsa-says.md) | +6.5% | +8.3% |
| SOY | 2018-05-04 | [China not purchasing soybeans from the U.S. is not new](https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new.md) | -2.9% | -2.1% |
| SOY | 2022-04-29 | [Renminbi on course for steepest monthly fall as China’s economy slows](https://feedsoft.ai/events/42067-renminbi-on-course-for-steepest-monthly-fall-as-china-s-economy-slows.md) | -1.6% | +1.2% |
| CORN | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | -0.4% | +4.0% |
| CORN | 2022-04-25 | [Why the Chinese Pig Herd Matters Globally \| CZ app](https://feedsoft.ai/events/41836-why-the-chinese-pig-herd-matters-globally-cz-app.md) | +0.4% | -2.0% |
| CORN | 2020-03-30 | [The Rapid Demise of the Corn Basis](https://feedsoft.ai/events/54230-the-rapid-demise-of-the-corn-basis.md) | +3.6% | -5.7% |

## Sources

- tastyfx.com: https://www.tastyfx.com/news/how-bad-is-the-chinese-economy/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.