 "China Evergrande")
China is counting the cost of a multiple whammy of hits to its economy, from a crackdown on the property market and an energy crunch to stringent virus controls and soaring commodity prices.
The cumulative impact will show in gross domestic product for the third quarter due on Monday, with growth forecast to slow to 5 per cent from 7.9 per cent in the previous three months. Further illustrating that picture will be monthly industrial and investment data the same day, revealing the severity of electricity shortages last month.
China’s slowdown will ripple across Asia and the rest
The cumulative impact will show in gross domestic product for the third quarter due on Monday, with growth forecast to slow to 5 per cent from 7.9 per cent in the previous three months. Further illustrating that picture will be monthly industrial and investment data the same day, revealing the severity of electricity shortages last month.
China’s slowdown will ripple across Asia and the rest
