Skip to main content
New York
Chicago
London
Paris
Kyiv
Sydney
Tokyo
Shanghai
Dubai
Sao Paulo
Madrid

Is China's economy heading for a recession?

China's economy stumbled in May as industrial production and retail sales growth mismatched, fueling expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic recovery seen earlier this year faltered in the second quarter, prompting China's central bank to cut some key interest rates this week, expecting further continuation. Industrial production rose 3.5% year-over-year in May, the National Bureau of Statistics (NBS) said on Thursday, slower than April's 5.6% growth and slightly below the 3.6% growth analysts expected in a Reuters poll as...

Continue reading

Share