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Chinese economic slowdown deepens, official figures show (www.bbc.com)

submitted 3 days ago by Blaze@lemmy.zip to c/globalnews@lemmy.zip

1 comments fedilink

China's economic slowdown deepens (www.bbc.com)

submitted 3 days ago by PlasticLove@lemmy.today to c/world@quokk.au

3 comments fedilink

"The government’s growth target for this year now appears in serious jeopardy," the former head of the International Monetary Fund's (IMF) China division, Eswar Prasad told BBC News.

"It will take a substantial stimulus-fuelled boost to growth in the fourth quarter to hit the target."