No Respite for Chinese Officials as Economy Shows New Signs of Weakness

August 14, 2024, 02.49 PM | Source: Reuters
No Respite for Chinese Officials as Economy Shows New Signs of Weakness

ILUSTRASI. Chinese yuan banknote is pictured through broken glass in this illustration taken June 25, 2021. REUTERS/Dado Ruvic/Illustration

CHINA - BEIJING. A recent string of dismal indicators have dulled expectations for China's economic performance in July, in an ominous sign for the rest of 2024 and pointing to the need for more stimulus measures beyond plastering over pain points in the world's second-largest economy.

Calls for more growth boosting measures for the $19 trillion economy have dogged officials after a widely expected post-pandemic recovery failed to materialise in 2023. Still, the government is targeting economic growth of around 5% this year.

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Editor: Yudho Winarto
Latest News