Today: October 23, 2024
October 17, 2022
1 min read

China postpones publication of quarterly GDP figures

China postpones publication of quarterly GDP figures

China decided this Monday to postpone the publication of its GDP data for the third quarter of 2022as well as other economic indicators that were to be known this week, the day after the Communist Party opened its 20th congress.

The National Statistics Office, which was to present a series of indicators on Tuesday, did not offer any explanation for this unusual last-minute change.

GDP figures due to be published on Tuesday were projected to be the weakest since 2020, with the economy weighed down by anti-Covid restrictions and a housing crisis.

This postponement coincides with the 20th Congress of the Communist Party, in which it is expected that Xi Jinping obtain a third mandate at the head of the formation and of the country.

Many analysts believe that the second world economy it will have serious problems to reach its growth target for this year, around 5.5 percent.

The International Monetary Fund (IMF) recently lowered its growth forecast for China to 3.2% for 2022 and 4.4% for 2023.

In 2021, the Chinese economy had grown by 8.1 percent.

Last week, the customs authorities had delayed the publication of trade figures for September, without giving explanations.



Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Relatives of political prisoners held hostage by the regime demand: “Release them.  They are innocent”
Previous Story

Relatives of political prisoners held hostage by the regime demand: “Release them. They are innocent”

OnCubaNews
Next Story

Cuba sends condolences to Turkey for victims of the recent explosion in a coal mine

Latest from Blog

Go toTop