As the world’s largest nations send out helicopter money amounting to well more than 10% of their gross domestic product to fight the economic effects of the coronavirus pandemic, China, which just suffered its first economic contraction in two decades, is conspicuous for its stinginess.
china gdp
China’s Economy is Likely to Slow Further, Say Experts
Economists are pessimistic about the immediate outlook for China even though there were some bright spots in the September data released on Friday, with retail sales up 7.8% from a year ago and industrial output rising 5.8%. Fixed asset investment rose 5.4% from January to September.