Chinau2019s slowing growth will have a global impact Times News UK


Source: timesnewsuk.com timesnewsuk.com

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rtttttBy most international standards, Chinau2019s 4 per cent year-on-year growth in the fourth quarter of last year was a pretty solid performance. Yet while it was slightly above most analystsu2019 predictions, it was the slowest pace of expansion for 18 months u2014 representing a slide from 6.5 per cent growth during the same period of 2020. Overall, gross domestic product grew 8.1 per cent in 2021. Any sustained chill in Chinese expansion will have a global impact: according to IMF numbers, China is the biggest contributor to global GDP and was set to account for more than one-fifth of the...