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China's sputtering growth engines raise urgency for stimulus
The Straits Times
|September 03, 2024
Factory activity contracts again and residential property slump worsens
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China's remaining growth engines are showing signs of sputtering while the property market continues to drag on the economy, highlighting the urgency of government intervention to keep an increasingly unlikely growth target in sight.
Factory activity contracted for a fourth straight month in August, according to an official poll of manufacturers.
The latest sales figures showed a worsening residential slump, after China Vanke one of the nation's has shown signs of spreading across Asia. Taiwan's manufacturing activity eased for a second straight month in August as confidence among firms fell to the lowest level in 2024 on concerns about the global economy, according to data from S&P Global.
Cette histoire est tirée de l'édition September 03, 2024 de The Straits Times.
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