Recent Statistics on China’s Economy and Global Investors’ Concerns
At the end of last week, new statistics about China’s economy were announced, and the fresh figures and data, which might seem impressive under normal circumstances to an audience, have worried international experts and investors.
Sales and revenue in the distribution and consumption sector have reached a 21% growth, which is less than the predicted and targeted amount. Industrial production growth has also been accompanied by a 45% increase, which is lower than forecasts and the figures recorded in July. The level of Chinese investments has also not reached the desired growth, and the Chinese continue to save and accumulate their money instead of investing.
China is a central part of the global capital, production, and distribution cycle, and insufficient growth in its industrial production means reduced entry of goods into the global consumption cycle and a lack of international investment returns.
Domestic consumption in China is also crucial for maintaining China’s economic growth and strengthening the country’s production base, and from this perspective, the reduction in consumption in China is concerning for international investors.
China has already impacted the black gold market with reduced oil demand, leading to a stable yet sluggish price trend.
Experts from numerous financial and banking institutions in the United States have revised and lowered their forecasts for China’s economic growth.