China's Export Surge Fails to Offset Economic Slowdown

Reported 1 day ago

Despite a record boom in exports, China's economy is projected to have grown at its slowest pace in a year during the third quarter, with forecasts showing a GDP increase of only 4.7%. Investment and retail sales are weakening amid escalating trade tensions with the US, raising concerns ahead of a crucial Communist Party meeting to discuss strategies for rebalancing the economy towards domestic consumption.

Source: YAHOO

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