News Snapshot:
Jorge Costa Oliveira Although China’s gross domestic profit (GDP) growth reached 8.1% in 2021 , in the second half of the year, China’s GDP grew by only 4.9% in the third quarter and 3.9% in the fourth quarter. For 2022, the International Monetary F und has revised China’s GDP growth downward to 4.4%. There are several reasons for this economic slowdown, mainly measures related to the real estate sector. According to a 2020 World Bank report , the share of housing-related activities in both fixed assets investment and GDP in China today greatly exceeds levels in the US at the...
