China to miss lofty economic growth target without major stimulus

He predicts China will expand by 4.6 per cent this year. Last week, official figures showed Chinese factory activity had edged up, beating the expectation of any economists. But there are still significant headwinds. China Construction Bank this week filed a liquidation petition against Hong Kong-lusted Shimao Group, making it the third major developer to face demands from creditors after Country Garden and China Evergrande defaulted on their debts Lower growth in China would harm several key sectors in Australia. Diana Mousina, at AMP, said Chinese arrivals were still nowhere near pre-pandemic levels. The monthly number of Chinese visitors has…