China’s Economic Slowdown Deepens as Key Indicators Worsen
China's economy shows mounting vulnerabilities as investment activity plunges to historic lows. The National Bureau of Statistics reports simultaneous declines across property development, industrial output, and consumer spending—a trifecta of weakness that threatens recovery prospects.
Property investments are collapsing under the weight of unsold inventory and developer liquidity crises. Industrial production growth halved from September to October, with analysts attributing part of the drop to pre-holiday production surges that created unfavorable comparisons.
The export engine sputters as global demand weakens, forcing greater reliance on domestic consumption. But stagnant wages and economic uncertainty keep households reluctant to spend, creating a self-reinforcing downturn cycle that may require significant policy intervention to break.
