China set to post slowing growth on housing, consumption woes
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China is expected to have slowed in the first quarter of 2024 due to a property sector crisis and weak consumer activity. Analysts predict around 4.6 percent growth in the first quarter, down from 5.2 percent in the previous quarter. The property market remains a challenge, with falling home prices and distressed developers. Policymakers have implemented targeted measures and issued sovereign bonds to boost infrastructure spending and consumption, but analysts believe more stimulus is needed. Sluggish consumption and deflationary fears also contribute to the slowdown. Manufacturing is a bright spot, but government support is necessary for sustained growth.

#China #EconomicGrowth #PropertySector #Consumption #Stimulus #Deflation #Manufacturing

https://www.legit.ng/business-economy/economy/1587809-china-set-post-slowing-growth-housing-consumption-woes/