much better, growing by only 0.3% in august. both sets of numbers were much lower than many analysts were expecting, with numerous lockdowns having an effect on the economy. joining me now isjinny yan, who is the chief china economist at icbc standard bank. how much is weaking global demand hitting nice to see you. how concerned should we be about august s numbers? i should we be about august s numbers? numbers? i think the wider icture numbers? i think the wider picture is numbers? i think the wider picture is that numbers? i think the wider picture is that china s - picture is that china s recovery is not as strong as perhaps many would anticipate given that so much stimulus policies have already been announced, and of course i think we have been quite used to a very strong growth in terms of exports. last year was lifted china out of that covid, initial covid hit was indeed the resilience of net exports, and that has contributed
China and Hong Kong stocks fell
on Thursday, hit by increasingly grim growth prospects for the
world s second-largest economy suffering from COVID-19
outbreaks, a property crisis, a record heat wave. | August 18, 2022
Navigating the maze-like showroom that is an Ikea store has always been notoriously difficult. But last weekend, hundreds of shoppers in Shanghai found themselves barging their way past security guards just to get out of the doors at the Xuhui.
BEIJING: China's factory-gate inflation eased to a 17-month low in July, defying global cost pressures as slower domestic construction weighed on raw material demand, although consumer prices picked up pace, driven mostly by tight pork supplies.