China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says - September 16, 2024

[sharon sanders]

China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says


Published Mon, Sep 16 20243:58 AM EDT
Sonia Heng@in/sonia-heng

Key Points

• Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, economists have tapered their expectations for the country’s full year GDP growth.
• Eswar Prasad, professor of international trade and economics at Cornell University, warned that Beijing’s economic outlook for the second half of the year is now “flashing red, or pretty close to red.”

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more.... https://www.cnbc.com/2024/09/16/chi...painful-grinding-adjustment-analyst-says.html

 

[sharon sanders]

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