{"id":156117,"date":"2024-10-18T02:28:14","date_gmt":"2024-10-18T02:28:14","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/18\/china-economy-slowdown-deepens-official-figures-show\/"},"modified":"2024-10-18T02:28:15","modified_gmt":"2024-10-18T02:28:15","slug":"china-economy-slowdown-deepens-official-figures-show","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/18\/china-economy-slowdown-deepens-official-figures-show\/","title":{"rendered":"China economy slowdown deepens, official figures show"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i1.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/c27d\/live\/2aa69ed0-8c5b-11ef-9f4a-8bfe5180b338.jpg?fit=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"China economy slowdown deepens, official figures show\" title=\"China economy slowdown deepens, official figures show\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">China&#8217;s economic slowdown deepened in the three months to the end of September, as the country struggles to boost flagging growth.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Gross domestic product (GDP) rose by<!-- --><b id=\"\" class=\"sc-7dcfb11b-0 kVRnKf\"> <!-- --><\/b>4.6% on an yearly basis, below the government&#8217;s 5% annual target,<!-- --><b id=\"\" class=\"sc-7dcfb11b-0 kVRnKf\"> <!-- --><\/b>according to China&#8217;s National Bureau of Statistics.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In recent weeks, Beijing has announced a number of measures aimed at supporting growth.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The world&#8217;s second largest economy has been hit by a number of challenges, including a property crisis, as well as weak consumer and business confidence.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">This is the second quarter in a row that China&#8217;s official measure of economic growth has fallen below the 5% target, which will add to government concerns.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Earlier on Friday, China&#8217;s central bank said it had called on banks and other financial institutions to boost lending to help support growth.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Last month, the People&#8217;s Bank of China (PBOC) announced the country&#8217;s biggest stimulus package since the pandemic, including large cuts to interest and mortgage rates.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The plans also included help for the flagging stock market and measures to encourage banks to lend more to businesses and individuals.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Since then, the Ministry of Finance and other government bodies have unveiled further plans aimed at boosting economic growth.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/crr54x00857o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s economic slowdown deepened in the three months to the end of September, as the country struggles to boost flagging growth. Gross domestic product (GDP) rose by 4.6% on an yearly basis, below the government&#8217;s 5% annual target, according to China&#8217;s National Bureau of Statistics. In recent weeks, Beijing has announced a number of measures [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/c27d\/live\/2aa69ed0-8c5b-11ef-9f4a-8bfe5180b338.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[168,16623,1933,8998,2008,443,8167],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156117"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=156117"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156117\/revisions"}],"predecessor-version":[{"id":156119,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156117\/revisions\/156119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/156118"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=156117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=156117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=156117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}