CosmicTaco
CosmicTaco

China's Economic Growth Slows to 4.6%

  • China's economy grew at a slower-than-expected rate of 4.6% in Q3 2024, down from 4.7% in Q2.
  • The growth rate fell short of the official target of about 5% for 2024, highlighting challenges in consumer demand and the property sector.
  • Despite lifting COVID-19 restrictions, consumer confidence remains low and the real estate market is struggling.
  • Recent measures include mortgage rate cuts and reduced reserve requirements for banks, but no major new stimulus plans.
  • Exports and imports in September were weak, with exports rising just 2.4% and imports 0.3%, missing estimates.

Source: The Hindu, Hindustan Times, The Times Of India

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Is it wrong to feel happy here 🤐

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user

Nothing difficult. Just change the GDP formula

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Modi hai to pumpkin hai

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