China’s economy unexpectedly loses steam; Beijing warns of ‘severe’ global risks

China’s economy unexpectedly loses steam; Beijing warns of ‘severe’ global risks

The risk for Chinese economy is that strong exports may no longer be enough to offset weakness at home. Driving the newsChina’s economy has unexpectedly staggered into the second quarter. Factories slowed, consumers pulled back and investment unexpectedly shrank, delivering one of the clearest signs yet that Beijing’s recovery is being squeezed from both sides:…

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China’s  trillion trade surplus: IMF urges shift to domestic growth; warns economy ‘too big’ to rely on exports – The Times of India

China’s $1 trillion trade surplus: IMF urges shift to domestic growth; warns economy ‘too big’ to rely on exports – The Times of India

The head of the International Monetary Fund is urging China to confront its economic imbalances, cautioning that an economy of its size can no longer rely on exports as its main growth engine.Although China’s shipments to the US have weakened amid steep tariffs introduced under President Donald Trump, its overall exports to global markets have…

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