New 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 new figures and statistics, which might seem brilliant under normal circumstances and to the audience, have worried international experts and investors.
Sales and income 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 less than both predictions and the figures recorded in July. Chinese investments have not reached the desired growth level, and the Chinese continue to save and hoard their money without investing.
China is the center of an important part of the global cycle of capital, production, and distribution, and insufficient growth in its industrial production means a reduction in the entry of goods into the global consumption cycle and the inefficiency of international investment.
China’s domestic consumption is also important for maintaining China’s economic growth and strengthening the country’s production base, and from this perspective, the decline in consumption in China is concerning for international investors.
China has already affected the black gold market by reducing oil demand, causing a stable trend of stagnant prices.
Experts from numerous financial and banking institutions in the United States have revised and lowered their forecasts for China’s economic growth.
