China
What new norm of slower Chinese growth could mean for the global economy
The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization.
What are global companies saying about China's economy?
Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world's second-largest economy from a pandemic slowdown.
China has announced a slew of measures to bolster its economy. Here’s what we know so far
China is ramping up measures aimed at boosting its economy ahead of a key Politburo meeting this week which will review the country’s first half economic performance.
China Early Economic Data Show Growth Weakening More in July China’s economic recovery continued to lose momentum in July, high frequency indicators show, with consumers pulling back on spending and the property market showing no signs of a rebound.
China’s Weakening Economy Spells Trouble for Dairy
China’s economy has slowed significantly, which does not bode well for global dairy prices. The country’s second-quarter GDP grew 6.3%, compared to the same quarter in 2022, which was still smaller than analysts expected. The number was sobering, considering that second-quarter GDP last year grew by only 0.4%, which was the second smallest growth rate in the past 10 years, according to Betty Bering, analyst with the Daily Dairy Report. The lowest GDP reading occurred in 2020 during the height of the pandemic. If GDP slows much further, the country could miss its 2023 GDP goal of 5%, which is already considered modest, she said.
https://www.dairyherd.com/markets/milk-prices/chinas-weakening-economy-spells-trouble-dairy
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