China’s sputtering growth engines raise urgency for stimulus

Quick Summary:

China’s remaining growth engines are showing signs of sputtering while the property market continues to drag on the economy, highlighting the urgency of government intervention to keep an increasingly unlikely growth target in sight.

Several rounds of measures aimed at reviving domestic demand have done little to overcome the retreat, endangering the government’s growth target and spurring economists to call for additional stimulus.

The latest sales figures showed a worsening residential slump, after China Vanke Co.—one of the nation’s biggest developers—underlined the industry’s woes late Friday by reporting a half-year loss for the first time in more than two decades.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaSouth KoreaTaiwan

Topics: Month First Data Economists Growth Government Manufacturing Economy Target China Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 10:54:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 985 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22330531

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 22 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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