Reported 8 days ago
China's factory and service sectors are struggling, with factory activity contracting for five consecutive months and service sector growth slowing sharply in September. This downturn raises concerns about meeting the government's growth target for 2024, prompting calls for further stimulus measures. Authorities recently introduced a significant stimulus package amid persistent consumer weakness, yet experts argue that more comprehensive fiscal policies are still needed to address the broader economic challenges, particularly in the housing market.
Source: YAHOO