Extreme weather behind China’s economy rising uncertainties, state bureau says many challenges in second half of 2024

Business & Finance
15 Jul 2024 • 11:23 AM MYT
Malay Mail
Malay Mail

Latest Malaysia breaking stories on politics, analysis and opinions

image is not available

BEIJING, July 15 — China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday.

China's GDP growth of 5 per cent in the first half was “hard won” as businesses face relatively large pressures and key sectors face many risks, the spokesperson said in a statement published on the bureau's website.

The spokesperson also said China's economic growth in the second quarter was affected by short-term factors such as extreme weather and flooding. — Reuters

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved