Page 45 - Frederic Neumann News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Markets may be underestimating just how much China is applying the brakes to its booming economy.

China’s economy risks slowing faster than investors realize as Chinese President Xi Jinping’s (習近平) push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the COVID-19 pandemic. Bank of America and Citigroup are among those sounding the warning that expansion might this year fall short of the 8.2 percent anticipated by the consensus of economists. The slump could last into next year, forcing growth below 5 percent, they said. Outside last year’s 2.3 percent, that would be the weakest in three decades. Strategists...

BEIJING: China’s economy risks slowing faster than investors realise as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.

As President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.

According to a 'bearish scenario' painted by Bank of America strategists, China's economic growth could fall to 7.5 per cent this year and 2.2 per cent in 2022.