Home > Featured > China’s economic rebound loses momentum in September

China’s economic rebound loses momentum in September

China’s economic rebound loses momentum in September

CHINA’s economic rebound showed signs of flattening in September, weighed down by lacklustre home and car sales, a weaker stock market, and falling business confidence, reports Bloomberg.

Early indicators show China’s recovery isn’t headed in a positive direction although we do expect another spike as we enter the peak holiday season globally. China’s uneven recovery was initially driven by strong industrial output. A strong and broad spurt in spending is needed for a total economic rebound.

Home sales in China’s four largest cities slowed in the first three weeks of September, opposite of August. Small-business confidence eased after rising for six months as expectations rose in growth territory.

“This suggests that the recovery continued uninterrupted, despite signs that the V-shaped rebound is losing momentum,” said economists Shen Lan and Ding Shuang.

Purchasing manager indexes are expected to show September manufacturing improvement while exports for smaller businesses are expected to remain resilient.

You may also like
Transport Bodies urge the UN to end COVID-19 suffering in Global Supply Chains
Trade Update – 23rd September 2021: China’s FTA Bid Will Be Complex, India Critical Of WTO Agreement, French Fury Puts Focus On Australian FTA and many more…
Trade Update – 16th September 2021: Australia Racing Toward UK FTA, ASEAN Looks To RCEP Lift, Australian Trade Minister May Jet To India and many more…
Trade Update – 9th September 2021: Australia Introduces RCEP Legislation, UK Faces Key Asia Pacific Meeting, WTO Rejects China’s Solar Challenge and many more…
Malcare WordPress Security