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China: should the economic slowdown of the world's second power cause concern?


China's GDP is down 2.6% in the second quarter, and the country is going through an unprecedented crisis in the real estate sector.

Contracted growth, interest rates lowered by the Bank of China, consumption at half mast… The post-pandemic economic recovery seems weakened in China, while the zero Covid strategy remains in force in the territory.

A slowdown which must be alarming, according to Jean-Joseph Boillot, adviser to IRIS for the major emerging countries: "We must be realistic and worry about seeing the world's largest economy

(in purchasing power parity)

in this posture .

When the world's largest trading partner is in an economic downturn, it must be taken seriously.


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Source: leparis

All business articles on 2022-08-19

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