China’s GDP from April to June increased by 6.3% year-on-year, slowing economic recovery momentum
China’s GDP = Gross Domestic Product growth rate from April to June this year was +6.3% compared to the same period last year.
However, the growth rate was only 0.8% compared to the previous three-month period, slowing the momentum of the economic recovery following the end of the ”zero corona” policy.
Growth widened from +4.5% in the previous three months
At the same time last year, severe restrictions on going out were implemented in various places such as Shanghai as a countermeasure against the spread of the new coronavirus, and the impact was spreading, resulting in a high growth.
Meanwhile, GDP growth was only +0.8% compared to the previous three-month period, slowing the momentum of the economic recovery following the end of the ’zero-corona’ policy.
In the Chinese economy during this period, while the service industry such as restaurants continued to recover, there was a deep-seated desire to save money, and consumption of durable goods such as home appliances and furniture was sluggish.
In addition, corporate production was sluggish due to the prolonged slump in the real estate market and the decline in exports amid concerns about a slowdown in overseas economies.
In June, China’s central bank effectively cut interest rates for the first time in 10 months to support the economy. There is increasing uncertainty about the future of
Todaii Japanese is a website for learning and reading Japanese news integrating various features such as dictionary, practice, testing, ...
https://todaiinews.com
todai.easylife@gmail.com
(+84) 865 924 966
315 Truong Chinh, Khuong Mai, Thanh Xuan, Hanoi
Home
Video
JLPT Test
Dictionary
Lesson
Topic
