Financial Times on Nostr: China’s economic growth slows in second quarter ========== China's economic growth ...
China’s economic growth slows in second quarter
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China's economic growth slowed in the second quarter of the year. The country's GDP grew by 7.9% in the April-June period, down from 18.3% in the previous quarter. The slowdown was attributed to a combination of factors, including the impact of COVID-19 restrictions, supply chain disruptions, and a decline in consumer spending. Despite the slowdown, China's economy is still on track to achieve its growth target of over 6% for the year. The government has implemented various measures to support economic recovery, including fiscal stimulus and monetary easing. However, there are concerns about the sustainability of China's growth model and the impact of rising debt levels.
https://www.ft.com/content/d39f93d9-34b2-4710-9bc7-730c2c4c466d
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China's economic growth slowed in the second quarter of the year. The country's GDP grew by 7.9% in the April-June period, down from 18.3% in the previous quarter. The slowdown was attributed to a combination of factors, including the impact of COVID-19 restrictions, supply chain disruptions, and a decline in consumer spending. Despite the slowdown, China's economy is still on track to achieve its growth target of over 6% for the year. The government has implemented various measures to support economic recovery, including fiscal stimulus and monetary easing. However, there are concerns about the sustainability of China's growth model and the impact of rising debt levels.
https://www.ft.com/content/d39f93d9-34b2-4710-9bc7-730c2c4c466d