China’s economic growth slows down – Bloomberg

China's economic growth is slowing, analysts say Bloomberg. This is evidenced by both publicly available economic data as well as a composite index developed by the agency itself. In September, real estate and automotive sales industries in the PRC turned out to be low. In addition, the trust index in the business environment showed a drop, the stock market declined. All these signs indicate that the growth rates of the PRC economy are losing turnover, writes Bloomberg. In addition, the consolidated index of the agency, based on 8 indicators, this month dropped to negative values. For comparison, in August it signaled about the acceleration of growth. The Chinese economy was recovering from restrictions due to coronavirus is uneven. The impetus for her growth was the active increasing industrial production, but now how shows statistics, the level of consumption has ceased to correspond its volumes. For the country's economy to continue to recover, it needs much higher consumer spending and business, Bloomberg notes.