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China Key Indicators Seen Slowing in H2: Herald

CHINA PRESS
MNI (Beijing)

Some Chinese economic growth indicators may slow in H2 due to both easing effects of higher-bases of comparison but also pandemic-related difficulties faced by small businesses and structural employment issues, the 21st Century Business Herald reported summarizing published analysis by 10 related government ministries. If averaged over the last two years to ease the pandemic-caused base effect, both investment and consumption in H1 recorded less than 5% growth, the newspaper said. One reason for the PBOC to cut RRRs in mid-July was anticipated weakening in exports and property investments, the newspaper said. Consumption remains below pre-pandemic era, while chip shortages will constrain auto sales, the newspaper said citing the ministries of commerce and industries.

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