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Economy: Why there is great disillusionment at the start of the Third Plenum

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Published: July 15th, 2024,
Last updated: August 28th, 2024

Der Abwärtstrend am Immobilienmarkt und schwache Binnennachfrage belasten Chinas Konjunktur.
The downward trend in the real estate market and weak domestic demand weigh on China’s economy.
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The Third Plenum has kicked off with a bang. The National Bureau of Statistics presented disappointing economic data at the start of the eagerly anticipated Third Plenum: The world’s second-largest economy only grew by 4.7 percent year-on-year in the second quarter.

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Wirtschaftswachstum