China’s economy

Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants. China’s economy slowed markedly in the…

BEIJING: China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid outbreaks. Growth in fixed-asset investment eased to 5.2% in the first eleven months of the year.…

BEIJING: Retail sales growth slowed sharply to 2.5% from a year ago, the National Bureau of Statistics said on on Wednesday. Industrial output rose 5.3%, versus the median estimate of 5.8%. Fixed-asset investment in the first eight months…