Reported about 2 months ago
China's economic outlook remains bleak as it experiences a prolonged downturn, with third-quarter indicators showing weak domestic demand, particularly in fixed-asset investment and housing. Despite a surprising increase in retail sales, the overall economic growth faces challenges, prompting calls for increased fiscal stimulus from the government to revive demand and achieve the targeted 5% growth this year. With mounting concerns over declining consumer confidence and falling home prices, experts warn of the risks of deflation that could hinder economic recovery.
Source: YAHOO