The Irish Times view on the Chinese economy: a threat to world growth

Shipping containers at the Port of Taicang, Jiangsu Province. China's economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. (Photo: Bloomberg) In recent days, China has cut interest rates, eased lending rules, reduced the cost of financial transactions and released an extra 1 trillion renminbi (€127 billion) for new infrastructure. These are the latest in a series of measures aimed at reviving an economy that has failed to recover since zero-Covid restrictions were lifted last year. Each week brings more dismal economic…