China's Weak Domestic Demand, Rising Unemployment Cloud Growth Outlook
An economic expert cited by Anadolu Agency says China's high-tech and export-driven sectors remain resilient even as broader domestic demand and labor market conditions weaken.
China's economic growth faces mounting pressure from weak domestic demand and unemployment figures that have come in worse than expected, according to a report by Anadolu Agency.
The report cited an unnamed expert who said that while sectors focused on high technology and external demand continue to perform well, other categories of the economy are underperforming.
The uneven performance highlights a divide within China's economy, where export-oriented and technology-driven industries appear to be holding up better than sectors more reliant on domestic consumption, the expert said, according to the report.
The report did not provide specific figures for the unemployment data or domestic demand indicators referenced, nor did it identify the expert by name or affiliation.
Concerns over China's economic trajectory have persisted in recent periods as policymakers have sought to balance support for consumption with efforts to sustain export competitiveness and technological advancement.
Sources
- China’s weak domestic demand, worse-than-expected unemployment threaten growth — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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