China’s slowdown could be a glimmer of hope for the rest of the world: weak inflation.
Growth in the world’s second-largest economy has fallen this year as the Covid-19 outbreak has led to massive lockdowns and business shutdowns. The government has announced several stimulus policies, but many economists say Beijing’s 2022 growth target of around 5.5% is unlikely to be achieved unless the threat of a new lockdown looms large.
China’s slowdown could dampen global inflation
China’s slowdown could be a glimmer of hope for the rest of the world: weak inflation.
Growth in the world’s second-largest economy has fallen this year as the Covid-19 outbreak has led to massive lockdowns and business shutdowns. The government has announced several stimulus policies, but many economists say Beijing’s 2022 growth target of around 5.5% is unlikely to be achieved unless the threat of a new lockdown looms large.