Decreasing Consumer Demand in China Impacts Global Economic Growth
Monday, 15 July 2024, 04:42
The Impact of Weak Consumer Demand
The latest report from the National Bureau of Statistics revealed China's economy expanded at a slower pace in the last quarter, largely due to weak consumer demand.
Challenges Amid Global Economic Uncertainties
The progress in the economy this year has been difficult, with global economic growth momentum waning and domestic demand remaining insufficient.
- Factory output, income, and investment have shown signs of improvement
- Geopolitical conflicts and trade frictions add pressure on enterprises
- Operational risks and hidden dangers persist in key areas
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.