Newsweek on Nostr: nostr:note1ppnc30rc9wgtt966hny86x9vm9u7d4rmlpm5f90dv3kh9wppep6qtyq3h5

quoting note1ppn…q3h5

China's Economy Falls Short of Overtaking the US After Latest Results
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#3b1d8a58 ver:0.41

China's ambition to overtake the US economy faces setbacks due to COVID-19, real estate crisis, and an aging population. Boosting growth is the focus at a Communist Party meeting. China's total economic output reached almost 80% of the US output in 2021, but concerns about debt, centralization, and low consumption remain. China's GDP growth in Q2 2024 is expected to slow to 5.1%. China's economy is no longer on track to surpass the US as the world's largest. #ChinaEconomy #US #GDP #COVID19 #RealEstateCrisis...

#newstr #China #Us #Economy #Gdp #Growth #PropertyCrunch #ConsumerDemand

https://here.news/story/3b1d8a58?ver=0.41