The world’s second-largest economy is grappling with a real estate debt crisis, weakening consumption, an ageing population and geopolitical tensions
China’s economy slowed more than expected in the June quarter, increasing the likelihood that a gathering of top officials in Beijing this week will unveil efforts to rekindle growth.
The world’s second-largest economy expanded by 4.7% in the April-June period from a year earlier, the National Bureau of Statistics said on Monday. That result was down from 5.3% growth in the March quarter and the 5.1% rate economists had predicted.
Continue reading…The world’s second-largest economy is grappling with a real estate debt crisis, weakening consumption, an ageing population and geopolitical tensionsChina’s economy slowed more than expected in the June quarter, increasing the likelihood that a gathering of top officials in Beijing this week will unveil efforts to rekindle growth.The world’s second-largest economy expanded by 4.7% in the April-June period from a year earlier, the National Bureau of Statistics said on Monday. That result was down from 5.3% growth in the March quarter and the 5.1% rate economists had predicted. Continue reading…