Chinese Factory, Consumer Activity Slow Amid Economy Struggles

Source: International Business Times

Buildings under construction in Hangzhou, in China’s eastern Zhejiang province. Beijing has struggled to fully reignite the world's number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis and exports facing mounting headwinds. AFP China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year.