China's growth breaks: Experts warn of the economic crisis!

China's growth breaks: Experts warn of the economic crisis!

China - shocking news from Beijing! China's economy only grows by 4.6 percent in the third quarter compared to the previous year - the weakest result for one and a half years! The National Statistics Office blames a "complicated and serious external environment" and new problems in the domestic economy for this dramatic cooling. The official growth target of five percent for this year remains in great danger.

In the second quarter, growth was still 4.7 percent, while it was 5.3 percent in the first quarter. Despite these apparently "good" values, they are a bitter disappointment for China, which bragged for a long time with double -digit growth. The hoped-for relaxation according to the strict corona measures is only slow, especially because of the deep crisis in the real estate sector, which also presses the consumption of citizens. Experts urgently call for a strong economic stimulus program to boost growth again. China has already announced the first measures, including state -funded incentives for private consumption and support for the battered construction industry to avert the impending disaster. Further Details on this situation are .