China's exports' value stagnates amid rising volumes, prompting economic forecast downgrades.
China's economy, relying heavily on industrial production, reveals signs of strain as exports' value stagnates despite rising volumes. Analysts have downgraded growth forecasts, with some predicting a 4.8% slowdown from 5%. The reliance on industrial production and exports may not meet the 5% growth target without stimulating domestic demand. Meanwhile, concerns over the accuracy and consistency of China's economic data persist, potentially impacting the global economy.
August 03, 2024
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