China’s Weak Economic Growth Spurs Talk of Cash Vouchers

Quick Summary:

Economists say major intervention is needed if the country is to meet its 5% growth goal this year as speculation rises that Beijing will do more to boost consumption

The post China’s Weak Economic Growth Spurs Talk of Cash Vouchers appeared first on Asia Financial.

Rising inflation was attributed to bad weather rather than stronger domestic demand, a jump in imports reflected front-loaded chip purchases before expected US technology curbs, and a pickup in retail sales was flattered by low comparisons in 2023.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailandUnited States

Topics: Regions Energy Insights World China-US Economic Ties Asia Market Insights Fintech ESG Real Estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 09:20:33 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 763 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 22144729

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About Asia Financial

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