Post by sevenofnine on Jul 15, 2024 11:21:19 GMT -5
Yeah according to Busiess news
China reported weaker-than-expected gross domestic production (GDP) data for the second quarter and softened economic data for June. The country also began its Third Plenum key political meeting.
China released a raft of disappointing economic data, causing its stock markets to fall on Monday. The benchmark Hang Seng Index dropped more than 1% in the first hour of trading, following a sharp rebound last week. Investors are worried about China's economic prospects amidst sluggish domestic demand, a property crisis, and escalating geopolitical tensions.
Additionally, the country has launched its political meeting, the Third Plenum, which is expected to introduce policy reforms aimed at tackling growth challenges in the world's second-largest economy. Key policies may encompass government finance, tax reform, technological advancement, and foreign investment
China encounters faltering economic recovery
www.euronews.com/business/2024/07/15/china-crisis-chinas-second-quarter-gdp-falls-short-of-expectations
China reported weaker-than-expected gross domestic production (GDP) data for the second quarter and softened economic data for June. The country also began its Third Plenum key political meeting.
China released a raft of disappointing economic data, causing its stock markets to fall on Monday. The benchmark Hang Seng Index dropped more than 1% in the first hour of trading, following a sharp rebound last week. Investors are worried about China's economic prospects amidst sluggish domestic demand, a property crisis, and escalating geopolitical tensions.
Additionally, the country has launched its political meeting, the Third Plenum, which is expected to introduce policy reforms aimed at tackling growth challenges in the world's second-largest economy. Key policies may encompass government finance, tax reform, technological advancement, and foreign investment
China encounters faltering economic recovery
www.euronews.com/business/2024/07/15/china-crisis-chinas-second-quarter-gdp-falls-short-of-expectations
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