The Consequences of China's Slowdown

Patrick Boyle On Finance

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2y ago 16:04

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China’s Economy Is Slowing Which Could Have Big Consequences for the World.
Economic output grew four percent in the last quarter, a slowdown from the previous quarter. Growth faltered as home buyers and consumers became more cautious. Construction and property sales have slumped, as the country grapples with power shortages, Covid-related restrictions, a crackdown on a range of companies, and debt troubles in its property sector. Some of those pressures could ease, but China’s economy may be on the path to slowing down for a while still—and that could have global ramifications.
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