Five reasons why China’s economy is in trouble
President Xi Jinping faces his greatest challenge yet ahead of a historic Communist Party meeting. …
Official growth figures for the July to September quarter are expected soon – if the world’s second-largest economy contracts, that increases chances of a global recession. Beijing’s goal – an annual growth rate of 5.5% – is now out of reach although officials have downplayed the need to meet the target. China narrowly avoided contraction in the April to June quarter. This year, some economists do not expect any growth.
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