Is The Chinese Boom Finally Winding Down?
- 5 years ago
China's GDP for the second quarter grew at its slowest rate since the global financial crisis in 2008.
According to Business Insider, the weak 6.2% rise is the result of a combination of factors.
They include China's trade war with the US, deleveraging, and structural weakness in China's banking system.
While there's a chance Q3 will be less bad, it's not a signal that China's economy is stabilizing yet.
The case for dramatic action from Chinese policymakers is still very much in play.
According to Business Insider, the weak 6.2% rise is the result of a combination of factors.
They include China's trade war with the US, deleveraging, and structural weakness in China's banking system.
While there's a chance Q3 will be less bad, it's not a signal that China's economy is stabilizing yet.
The case for dramatic action from Chinese policymakers is still very much in play.