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Economy

“China’s Growth Slows To 30-Year Low, What Does It Mean For The Global Economy?”

“China’s economic growth slowed to 6% in the third quarter, the lowest in thirty years and “below” analysts’ expectations of 6.1%. But, quite frankly, if anyone is seriously disappointed by the 6% figure because they had been expecting 6.1%, they should probably consult a doctor. Things are actually far more positive than the alarming headlines would lead us to believe.

To give some perspective, Asia’s exports so far this year are still 5.9% higher than in 2017, according to Haver Analytics. China’s economic slowdown in the last few years is due to the government’s initiative to shift to a service-driven economy from an industry-led one…”

https://www.forbes.com/sites/yuwahedrickwong/2019/10/21/chinas-growth-slows-to-30-year-low-what-does-it-mean-for-the-global-economy/#654a17f16ca7

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