China slows down due to the housing crisis, lack of electricity and coronavirus outbreaks in summer


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Pablo M. DiezCONTINUE CORRESPONDENT IN BEIJING Keep Related news The Chinese economy rebounded last year after the outbreak of the pandemic and was the only major nation that ended up growing, but does not finish taking off due to its strong restrictions to prevent coronavirus and structural problems. Adding up the outbreaks of this summer, the bottlenecks in the ports, the debt crisis of the Evergrande real estate debt and the blackouts due to lack of coal, all this has coincided during the third quarter slowing down Chinese economic growth. As announced this Monday by the National Bureau of Statistics,...