Alarm bells are ringing about the outlook for china, but officials remain confident this is a short term blip. Only last month, the chinese premier, li qiang, said his country was still on track to reach its annual Growth Target of around 5 , a modest target after china grewjust 3 last year, one of the weakest showings in nearly half a century. Lets talk through whats at stake with jane foley, head of fx strategy at rabobank. Iam hoping i am hoping she is there. Good morning to you. I am hoping she is there. Good morning to you. Good morning. A fourth month morning to you. Good morning. A fourth month in morning to you. Good morning. A fourth month in a morning to you. Good morning. A fourth month in a row morning to you. Good morning. A fourth month in a row of fourth month in a row of contraction although it is slightly improved from last month, hasnt it . It slightly improved from last month, hasnt it . Month, hasnt it . It has slightly month, hasnt it . It has slightly been month,
The acting Minister of Industry, Commerce and Tourism, Héctor Gómez, has stated that “the growth of retail trade and the good performance of employment are indicative of the strength of our local productive fabric.” According to the Institute of National Statistics (INE)’s Retail Trade Indices (ICM), in September 2023 sales at constant retail prices registered
look through those into the employment indices that they have, they are very weak and thatis have, they are very weak and that is why many people in china are really very worried because its demand that is weaker, its consumers don t really have the confidence to go out and spend, they are worried about theirjobs, youth unemployment is very high, and the property market is slumping. that is creating a negative wealth effect. the problem here really is demand. there is no surprise that this economy is going through a bit of a tortuous year because it has just come out of extremely strict covid measures that were in place quite some time, which will have had a huge impact on the economy. those to suddenly bounce back from that, it was not going be smooth. it bounce back from that, it was not going be smooth.- not going be smooth. it was never going not going be smooth. it was never going to not going be smooth. it was never going to be not going be smooth. it was never going to be