November 16, 2024_ The Chinese government has lowered its economic growth forecast for this year to 2.5%, due to weaker-than-expected third-quarter...
November 16, 2024_ The Chinese government has lowered its economic growth forecast for this year to 2.5%, due to weaker-than-expected third-quarter data. The revision, announced yesterday, highlights a slowdown in the city's economic recovery. Officials have stressed that the current economic situation requires stronger measures to stimulate growth. The news was reported by the South China Morning Post. China, the world's second-largest economy, is facing significant challenges in its post-pandemic recovery, with an increasing focus on policies to support businesses and consumers.
