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

submitted 1 year ago by PlasticLove@lemmy.today to c/world@quokk.au

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"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."

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[-] StannisDMannis@lemmy.today 1 points 1 year ago* (last edited 1 year ago)

So this is a nothing-burger right? The article says it’s expected to pick up next year and it’s 4.something instead of 5% growth? That all seems rather minor unless China has some deeper economic issues.

this post was submitted on 18 Oct 2024

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