Connect with us

Asia

China’s Economic Deceleration And Its People

 1 min read / 

China's_Real_GDP_Growth_and_Unemployment_Unemployment_rate_Real_GDP_growth_(vs._previous_year)_TMMChart.png

Trader’s remarks: China recorded a pronounced deceleration in growth last year, affirming that a multiyear slowdown is biting the world’s second-largest economy harder and shows little sign of abating. With growing debt and too much housing and factory capacity, 2016 is shaping to be an even tougher year. The trend to greater reliance on consumption rather than investment and industry is one the government has long said it wants to encourage. But as growth sputters further layoffs are set to rise.

Have your say. Sign up now to become an Author!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend