Is China's economy declining?
Asked 3 hours ago
Answer
China's economy faces notable challenges, with factory output and retail sales at their weakest growth in over a year and export declines raising concerns. Policymakers are under pressure to address structural issues, weak consumption, and property sector instability. Trade uncertainties and tariffs also contribute to a slowing outlook, though some government support measures are in place. Overall, data points to a slowdown rather than a sharp collapse.
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China's factory output, retail sales growth worst in over a year
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- China's factory output and retail sales grew at their weakest pace in over a year for October.
- Industrial output rose 4.9 percent year-on-year, missing forecasts and marking the slowest pace since August 2024. 12s
- Retail sales expanded 2.9 percent, the lowest growth since last August, and below expectations. 26s
- New home prices fell 0.5 percent month-on-month, the steepest decline since October last year. 1m 12s
- China's Communist Party pledged to increase household consumption's share of GDP and reinforce the industrial base in its five-year economic plan. 1m 38s
References
Reuters
4 hours agoChina's factory output, retail sales growth worst in over a year
China's factory output and retail sales grew at their weakest pace in over a year for October, with industrial output rising 4.9% year-on-year and retail sales expanding 2.9%, both marking the slowest growth since August last year.
