Economics
China Stock Slump Set to Drag on Growth
- Economists see 0.1 to 0.3 percentage-point drag on growth
- Some form of support for the stock market is likely: survey
Pedestrians walk past buildings in the Lujiazui district of Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s tumbling stock market is set to join a trade slump and sluggish factory conditions as a brake on economic growth this quarter.
A plunge that has seen the Shanghai Composite Index fall 18 percent this year will reduce first-quarter gross domestic product growth by 0.1 percentage point to 0.3 percentage point, according to the majority of economists surveyed by Bloomberg News this month.