China’s Economy Slows, Prompting Concerns Amid Economic Planning Meeting

In the context of the July-September quarter, China’s GDP expansion of 4.8% showcases a decline from the prior quarter’s 5.2%. This trend mirrors an AFP prediction based on expert analyses, indicating a persistent struggle in the world’s second-largest economy to fully recover from the ramifications of the Covid-19 pandemic, which significantly impacted consumer confidence within the nation. Addressing China’s economic landscape, the NBS noted retail sales growth of 3% year on year in September, in line with Bloomberg surveys but reflective of a downward trend from August, marking the slowest growth rate since November. Despite these challenging statistics, September saw…