Saturday, 09 November 2024

South Asian Update
South Asian Update

The World in Brief

China's economy slows in May, firming case for more support

 Published: 11:56, 15 June 2023

China's economy slows in May, firming case for more support

China's economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery.

The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China's central bank this week to cut some key interest rates, with expectations of more to come.

Advertisement

Latest News

Most Popular