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China's Economy Seen Slowing in Q2 as Stimulus Calls Grow
China's economy likely slowed in the second quarter as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive expectations Beijing will need to unleash more stimulus. Data released on Monday is expected to show the world's second-largest economy grew 5.1% year-on-year in April-June, slowing from 5.3% in the previous three months and the weakest growth since the third quarter of 2023, according to a Reuters poll. The figures come as Beijing seeks to shore up economic confidence at a highly anticipated third plenum, a key leadership meeting that starts Monday, although conflicting ... (full story)
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From @FirstSquawk|Jul 14, 2024post: CHINA STATS BUREAU SPOKESPERSON: BUSINESSES FACE RELATIVELY BIG PRESSURES AND KEY SECTORS FACE MANY RISKS SINCE THIS YEAR post:
CHINA STATS BUREAU SPOKESPERSON: Q2 ECONOMIC GROWTH AFFECTED BY SHORT-TERM FACTORS SUCH AS EXTREME WEATHER, FLOODING post: CHINA STATS BUREAU SPOKESPERSON: CHINA'S ECONOMY REMAINS KEY GROWTH ENGINE FOR THE WORLD ECONOMY
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- Posted: Jul 14, 2024 9:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,638
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