Foreign Firms Scale Down Plans as China’s Economy Weakens

Quick Summary:

With Chinese citizens limiting their spending, big foreign companies are changing their strategies, as a property crisis drags on and youth unemployment stays high

The post Foreign Firms Scale Down Plans as China’s Economy Weakens appeared first on Asia Financial.

The Chinese government has cut interest rates and promised more help, but the scope and timing of further stimulus is uncertain, and investors are so far not convinced that its efforts will spur the $18.6 trillion economy.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Real Estate World ESG Asia Aviation Transport Market Insights

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 10:39:01 (3 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 935 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 23360896

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Official Website: asiafinancial.com

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Publisher ID: #86

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