Economics
China’s Economy Is Showing Strain From Property to Energy Crises
- Third-quarter GDP seen slowing to 5% from 7.9% in prior period
- Monthly industrial production, investment also seen weakening
This article is for subscribers only.
China’s economy is being hit from all sides -- a property slump, energy crisis, weak consumer sentiment and soaring raw material costs -- and government data Monday will show just how bad things are looking.
Economists surveyed by Bloomberg predict a slowdown in gross domestic product growth to 5% in the third quarter from 7.9% in the previous three months, and a weakening in monthly industrial production and investment figures in September. Retail sales may show a pickup after a major virus outbreak was contained.