{"id":88077,"date":"2019-10-19T15:44:27","date_gmt":"2019-10-19T10:14:27","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11050"},"modified":"2019-10-19T15:44:27","modified_gmt":"2019-10-19T10:14:27","slug":"explained-why-chinas-growth-has-slowed-to-a-record-low","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/explained-why-chinas-growth-has-slowed-to-a-record-low\/","title":{"rendered":"Explained: Why China\u2019s growth has slowed to a record low"},"content":{"rendered":"\n<p><strong>News:<\/strong>According to China\u2019s National Bureau of Statistics,the Chinese economy grew by just 6% in the third quarter of the current calendar year.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>China&#8217;s growth slowdown<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>China\u2019s growth rate has been slowing down since the global financial crisis of 2008-09.&nbsp;<\/li><li>However,China had recovered quickly and got back to double-digit growth in 2010-11 but since then it has been slowing down steadily.<\/li><\/ul>\n\n\n\n<p><strong>Reasons for growth slowdown:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>China\u2019s fastest growth phase was during a phase when it was led by exports growth.But in the wake of the global financial crisis, domestic consumption was seen to be a more robust way of sustaining growth.<\/li><li>On the domestic consumption side,China\u2019s one-child policy had placed structural constraints and this was one of the reasons why that policy was withdrawn a few years ago.<\/li><li>Domestic consumption has also been adversely affected by rising inflation cutting into people\u2019s incomes as well as the outbreak of swine fever.&nbsp;<\/li><li>Further,the demand has been affected by the growth deceleration that has happened as a result of the trade war with the US and the consequent uncertainties.<\/li><\/ul>\n\n\n\n<p><strong>Impact of China\u2019s slowdown:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The slowdown in China which is the world\u2019s second-largest economy after the United States is not just a cause of worry for the Chinese but also for the global economic momentum.<\/li><li>The global economy is driven heavily by economic activity in some of the biggest economies like the US, China and the Eurozone countries.<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:According to China\u2019s National Bureau of Statistics,the Chinese economy grew by just 6% in the third quarter of the current calendar year. Facts: China&#8217;s growth slowdown China\u2019s growth rate has been slowing down since the global financial crisis of 2008-09.&nbsp; However,China had recovered quickly and got back to double-digit growth in 2010-11 but since then&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/explained-why-chinas-growth-has-slowed-to-a-record-low\/\">Continue reading <span class=\"screen-reader-text\">Explained: Why China\u2019s growth has slowed to a record low<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[164],"tags":[2353,3574],"class_list":["post-88077","post","type-post","status-publish","format-standard","hentry","category-international-relations-daily-factly-articles","tag-china","tag-economic-growth","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700775628,"cached_date":1704577654},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/88077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=88077"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/88077\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=88077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=88077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=88077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}