Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.

Chinese economy is losing momentum | message


Beijing (Reuters) – Rising commodity prices and the flare-up of the coronavirus pandemic are slowing the recovery of the Chinese economy.

According to the state statistics office on Thursday, gross domestic product rose by 7.9 percent in the second quarter compared to the same period last year. Experts had expected an increase of 8.1 percent. The authorities also warned of uneven economic development in the country and possible setbacks in other economies.

Against this background, the people of Brazil expected the Chinese central bank to ease monetary policy further. “If those responsible don’t react, growth in the fourth quarter could fall out of the targeted corridor,” said investment strategist Xing Zhaopeng from ANZ Bank. Because the 2020 annual financial statements were exceptionally strong due to the recovery from the consequences of the coronavirus pandemic.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More