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China Growth Slows as Weak Retail Sales Drag Economy

DeFi Daily News by DeFi Daily News
July 15, 2024
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China Growth Slows as Weak Retail Sales Drag Economy
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China’s economic growth fell to the worst pace in five quarters as retail sales slowed. The latest data piles pressure on Beijing officials to boost investor and business confidence at the Third Plenum, the twice-a-decade policy meeting which is happening this week.

Hang Seng Bank, China Chief Economist Dan Wang and Li Cheng of the University of Hong Kong’s Centre on Contemporary China and the World break down the numbers on “Bloomberg: The China Show.”

Sign up for the Next China newsletter to get our weekly dispatches from Beijing: https://bloom.bg/4aFKkcv
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Tags: Cheng LiChinaChina EconomyDan WangDavid InglesDragEconomyGrowthHang SengRetailSalesSlowsWeakYvonne Man
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