China’s Economy Stalls Amid Record Drop in Investments
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BTCCSquare news:
China's economic engine is sputtering despite aggressive stimulus measures. Fixed asset investments plunged 1.7% year-to-date—the steepest decline since pandemic lockdowns—as the property crisis continues dragging down growth. Industrial production growth halved to 4.9% in October while retail sales stagnated at 2.9%, signaling cracks in both manufacturing and consumption pillars.
The much-touted transition to domestic demand appears stalled. Even seasonal boosts from autumn festivals failed to revive auto sales or construction activity. Beijing's playbook of infrastructure-led recovery is losing potency as developer defaults freeze real estate markets—traditionally the economy's shock absorber during downturns.
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