Power shortages, outbreaks of Covid-19 and pressure from Beijing on a number of industries are taking their toll. These developments may dampen growth for the rest of the year and should not be underestimated, one expert said. The world's second-largest economy has faced a number of challenges in recent months.
mandag 18. oktober 2021
China's growth slowdown suggests recovery is losing steam
China's economy grew 4.9% in the July to September quarter from a year earlier, the slowest pace in a year and worse than analysts had predicted. This was far slower from the previous quarter when growth was almost 8%, suggesting the recovery is weakening.
Power shortages, outbreaks of Covid-19 and pressure from Beijing on a number of industries are taking their toll. These developments may dampen growth for the rest of the year and should not be underestimated, one expert said. The world's second-largest economy has faced a number of challenges in recent months.
Power shortages, outbreaks of Covid-19 and pressure from Beijing on a number of industries are taking their toll. These developments may dampen growth for the rest of the year and should not be underestimated, one expert said. The world's second-largest economy has faced a number of challenges in recent months.
