China to Walk a Fine Economic Line After Posting Second-Quarter Growth

  • 📰 WSJ
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

China is on track to meet its full-year growth target of 6% or more, but mounting risks lurk beneath the solid numbers

HONG KONG—Despite a solid economic performance in the second quarter of the year, Chinese policy makers are expected to walk a fine line between supporting growth amid rising downside pressures and letting the economy run its course as they pivot to tackle longer-term challenges.compared with a year earlier.

Averaging growth rates from the past two years to strip out pandemic-induced statistical distortions, China’s economy expanded by 5.5% in the second quarter—higher than the average 5% growth rate for the first quarter of the year, and drawing close to the pre-pandemic trend line. But beneath the robust growth numbers lurk mounting risks for the economy, including an expected tapering off in global demand for Chinese goods, slower investment in manufacturing and real estate, and the threat of fresh Covid-19 outbreaks that could weigh on domestic consumption.

China’s economic rebound also remains unbalanced, with domestic demand languishing while factory production and exports propel the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And that of course presumes that one takes reports from the CCP at face value

are forged numbers

美國有望依靠無限制的印鈔票和給公民發錢來維護自己的統治,再這樣的“美國 維穩”背後,潛伏著越來越大的通貨膨脹和危機。

Every economic data from China always seems to say how wonderful they are doing

horrible

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China chip crash helps fine-tune tech policyLavish government funds fuelled the rapid expansion of semiconductor darling Tsinghua Unigroup. It now faces bankruptcy with $31 bln of debt piled up. Letting it fail reflects Beijing's new, more selective strategy of developing industry champions. It may yield better results. Reuters mak_robyn horrible Reuters mak_robyn It’s time to put more regulations on the tech companies, given their size, their financial impact on the society and the concern over the amount of data these companies are collecting Reuters mak_robyn
Source: Breakingviews - 🏆 470. / 51 Read more »

Satellite images show China has deployed military planes to South China Sea'Beijing's claims to offshore resources across most of the South China Sea are completely unlawful,' the U.S. State Department said in a statement last year. Hmm, what could this mean, Imperialism?
Source: Newsweek - 🏆 468. / 52 Read more »

10 cute royal babies learning to walk: Prince George, Princess Charlotte & moreFrom Prince George and Princess Charlotte to Mia Tindall and Isla Phillips, see sweet photos of royal children learning to walk
Source: hellomag - 🏆 24. / 68 Read more »

Covid-19: More walk-in vaccine clinics to open in Northern IrelandNo booking is required at the clinics across NI, which are offering first doses to anyone over 18.
Source: bbchealth - 🏆 143. / 63 Read more »

India tells China continuing border tensions not in either side's interestsThe failure of China and India to resolve the standoff over their disputed border in the western Himalayas, despite an agreement last year, is not in the interest of either side, India's foreign minister told his Chinese counterpart on Wednesday. Nissan Britain
Source: Reuters - 🏆 2. / 97 Read more »

EU, China Unveil Plans to Cut Greenhouse-Gas EmissionsThe European Union and China announced ambitious plans to slash greenhouse-gas emissions that will increase costs for industry and consumers but drew criticism from environmentalists as not going far enough to slow climate change. China lies….. China ? 🤣🤣🤣
Source: WSJ - 🏆 98. / 63 Read more »