Economy / FinanceAsia

China’s Economy Stumbles on Power Crunch and Property Woes

0

China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector, highlighting the challenge facing policymakers as they seek to prop up a faltering recovery while reining in the real estate sector. Gross domestic product expanded 4.9% from a year ago, missing forecasts, as attempts by Beijing to curb lending to the property sector exacerbated the fallout from electricity shortages which sent factory output back to levels last seen in early 2020, when heavy COVID-19 curbs were in place. The world’s second-largest economy had staged an…

This content is for Q17 Membership, Classified Membership, and LifeTime Patriot Membership members only.
Login Join Now
QNavy
QNavy is a pool a 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

« Absurdipass »…😂😂

Previous article

Using Triangulation for Problem-Solving is Never a Good Idea

Next article

You may also like

Comments

Comments are closed.