The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization.
The Chinese government is ramping up a host of measures aimed at boosting the economy, with leaders on Monday pledging to “adjust and optimize policies in a timely manner” for its beleaguered property sector, while pushing stable employment towards a strategic goal. The Politburo also announced pledges to boost domestic consumption demand and resolve local debt risks.
Read More : Examining the Ripple Effects: How China’s Slower Growth Shapes the World Economy