The Wall Street JournalThe Wall Street Journal

China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut

By Jason Douglas

15 Aug 2022 · 3 min read

You should read this story to know what's causing the growth to slow down in China and what is being done about it, especially in a year that's critical for Xi Jinping.

Curated by informed

China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore up faltering growth.

A raft of data released Monday showed economic activity slowed across the board in July, including factory output, investment, consumer spending, youth hiring and real estate, highlighting the breadth of the economic challenge facing policy makers in a politically sensitive year for leader Xi Jinping, who is expected to break with recent precedent and seek a third term in power this fall.

The news, curated.

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