Reported about 1 month ago
China is grappling with economic challenges as manufacturing activity contracts for the fourth consecutive month and the property market continues to decline, putting the government's growth target of around 5% at risk. Factory activity is under pressure from deflationary trends, while new-home sales dropped significantly, prompting calls for increased fiscal support to stimulate growth. Analysts suggest that without more significant government intervention, China's economic prospects may worsen amid rising external pressures.
Source: YAHOO