Tuesday: Inside China's wage deflation
US stocks rose again overnight to set fresh record highs on bolstered hopes for a soft economic landing, while China’s stocks fell 2.4% to near a two-decade low as investors worry about deflation and capital outflows. In our bonus deep-dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung, takes a closer look at the growing numbers of unemployed migrant workers in China’s cities. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/