fredag 27. september 2019

China's economic slowdown: How bad is it?

China's economy has been slowing for the better part of the past decade, but a recent run of poor data has prompted fresh concerns. What is making investors nervous, and how China has responded? China became a key engine of world economic growth as developed countries licked their wounds after the 2008 global financial crisis.

Now, the world's second-largest economy is expanding at its slowest pace since the early 1990s. China saw industrial output grow at its slowest pace since 2002 in August. Weeks later China's Premier Li Keqiang said it would not be easy for the country to sustain growth rates of above 6%. Domestic issues, the US-led trade war, and swine fever are all putting a brake on China's rapid expansion.