{"id":140071,"date":"2024-10-18T19:30:54","date_gmt":"2024-10-18T16:30:54","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140071"},"modified":"2024-10-18T17:38:19","modified_gmt":"2024-10-18T14:38:19","slug":"chinas-economic-growth-slows-as-property-crisis-deepens","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/chinas-economic-growth-slows-as-property-crisis-deepens\/","title":{"rendered":"China’s Economic Growth Slows as Property Crisis Deepens"},"content":{"rendered":"

This decline is largely due to weak consumer spending and a troubled property market, which has affected consumer confidence despite Beijing\u2019s efforts to stimulate the economy.<\/p>\n

In late September, China implemented its largest monetary stimulus since the pandemic, followed by promises of significant fiscal spending. However, investor optimism quickly diminished as they awaited clearer details. The CSI 300 and Hong Kong\u2019s Hang Seng indices suffered notable declines in October, reflecting ongoing economic concerns. Recent government interventions in the property sector have proven inadequate, leaving developers in distress.<\/p>\n

Looking ahead, a meeting of the National People\u2019s Congress is anticipated to address a potential fiscal stimulus package that could reach 10 trillion yuan (around $1.4 trillion). Experts warn that simply injecting funds may not solve deeper issues, and the coming months will determine if China can navigate its economic challenges or face a prolonged downturn akin to Japan\u2019s \u201cLost Decade.\u201d<\/p>\n