Economists split on need for new Beijing stimulus amid headwinds from Trump tariffs and crisis-hit property sector
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China’s economy showed further signs of weakness last month, with important data revealing factory output and consumption rising at their weakest pace for about a year.
The disappointing data adds pressure on Beijing to roll out more stimulus to fend off a sharp slowdown in the world’s second-largest economy, which has struggled to fully recover from the Covid-19 pandemic, with a debt crisis denting its once-booming property sector and exports facing stronger headwinds.
Continue reading...Source: Guardian - World News