China's economy loses momentum in August
Edited By WION Video Desk
Published: Sep 16, 2024, 05:05 IST | Updated: Sep 16, 2024, 05:05 IST
As activity cooled across the board in August, China's economy lost momentum, posing mounting risks to the government's annual growth target. There has been a drag on the overall Chinese economy from the housing market 'recession.' over the weekend, data showed industrial output fell 4.5 percent compared to the previous year. This is the fourth consecutive month of decline.
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