China Growth Target at Risk as Activity Cools Across the Board
- Factory output, consumption and investment all miss forecasts
- 5% GDP growth impossible without ‘bazooka’ stimulus: economist
By Bloomberg News
September 14, 2024 at 10:00 AM GMT+8
Updated on
September 14, 2024 at 10:27 AM GMT+8
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China’s economy lost momentum in August as activity cooled across the board, pointing to mounting risks to achieving the government’s annual growth target.
Industrial output rose 4.5% from a year ago, the National Bureau of Statistics said Saturday, below the median forecast of 4.7%. It marked the fourth straight month of growth slowdown, the longest stretch since September 2021.