China’s Economy Slows Broadly Even
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Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
China's stands at 84 percent, buoyed by debt-driven growth in the 2010s and a housing market crunch that heavily indebted local governments. London-based global advisory firm Oxford Economics estimates the Chinese economy's potential growth could be cut roughly in half by the 2050s.
China's latest economic data indicates a slowdown, with key indicators missing forecasts. Industrial production rose by 5.7% in July, a decrease from the 6.8% gain in June and below the expected 5.9%.
Few commodities tell the story of China’s 21st-century economy better than humble cement, and its current output slump illustrates the depth of the nation’s building slowdown after the frenzy of the previous decade.
Air Canada said it suspended plans to restart operations on Sunday after the union representing 10,000 flight attendants said it will defy a return to work order.
Central Committee, with Comrade Xi Jinping at its core, has, with great political courage, vigorously promoted theoretical exploration and innovation, and deepened understanding of the ruling laws of Communist parties,
The country could see its potential economic output halved by mid-century amid a flagging birthrate and aging workforce.
As China’s economy slumps, huge warehouse stores full of used luxury bags and shoes are enabling 20-somethings to keep up appearances without breaking the bank.
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