China’s economy slows in Q3

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22 October 2021 à 12h41

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1 minute

Publication: 22 October 2021 à 12h41

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Publication

22 October 2021 à 12h41

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1 minute

Publication: 22 October 2021 à 12h41

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Following the 2.3% increase of the Chinese economy in 2020, will the 6% target be reached this year?

In Q3 2021, China’s economy grew by only 4.9% according to Beijing data (compared with Q3 2020), recording the weakest pace since the post-Covid recovery. Compared to Q2, G.D.P. growth was almost zero at only 0.2%. This was caused by a series of adverse factors: China has imposed stricter rules in the property sector that reduced transactions, power shortages hit factories (due to a co

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